“I’ve heard of Home Path loans. What are they?”
Answer:
HomePath loans are only offered on FNMA foreclosures of condos, houses, and 2-4 unit properties. Here are some bullet points:
Low down. 3% down for owner-occupied; 10% for investors
No appraisal (saving you about $400)
No mortgage insurance
No condo complex approval needed
If you’re interested, give me a call and I’ll put you in touch with my preferred lender for more info.
