Real Estate in Northeast Florida and Around the World

Fannie has a program to help buyers purchase foreclosed homes now owned by Fannie Mae.  The program is called HomePath, and is a great opportunity for meeting homebuyer needs.

Homes which are HomePath eligible meet criteria set forth by Fannie Mae.  Typically the home is in average condition (home inspections are recommended), and if inspections do not reveal any major concerns, can be moved into without repairs being necessary.  HomePath financing requires the qualified buyer to have a 3% downpayment - a bit less than FHA, does not require an appraisal and best of all, does not require mortgage insurance, which can be very costly.  A HomePath approved lender must be used, and there are minimum credit standards that must be met.

If you are interested in a HomePath home, and would like to receive additional information, just send me an e-mail by clicking here.

See you around the neighborhood!