Fannie Mae Homepath financing for San Jose REO Homes : No Appraisal or MI required
By Shashank Shekhar, San Jose, CA Mortgage Broker/Lender
(Arcus Lending)
Homepath was created to facilitate the purchase of the bulk of REO properties in San Jose and rest of the bay area currently serviced/guaranteed by FNMA (Fannie Mae). Highlights: As little as 3% down allowed for owner occupied! As little as 10% down for non owner occupied and 2nd Homes! No Mortgage Insurance! No Appraisal Needed - Value determined by Sales Price You may qualify even if your credit is less than perfect Loan Amounts up to $801,950 allowed Loan Term Available : 30 Year Fixed Transaction Purpose : Purchase Only Borrower Eligibility First Time Homebuyers allowed Non-Perm Resident Aliens not allowed Non-Occupant CoBorrowers not allowed Here's How to get started : Check www.homepath.com to ensure property is eligible for HomePath financing. And then contact us to if you w...
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