Home Buyer’s HomePath Advantages Video

Home Buyer's HomePath Advantages Video

Danny Flucke talks about the Fannie Mae’s HomePath Advantages Video HomePath Mortgage allows a borrower to purchase a Fannie Mae-owned property with a low down payment, flexible mortgage terms, no lender-requested appraisal and no mortgage insurance. Expanded seller contributions to closing costs are allowed. Benefits to You, the Borrower • Low down payment and flexible mortgage terms (fixed–rate, adjustable rate, or interest–only). • Down payment (at least 3 percent) can be funded by the borrower’s own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer. • No lender-requested appraisal. • No mortgage insurance; ask your lender for cost details on loans without mortgage insurance. • Expanded seller contributions for closing costs allowed. • Available for primary residences, second homes and investment properties. • Many condo project requirements are waived; Ask us for more details
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