Effective Date: July 7, 2010
HomePath® Mortgage is utilizing to reduce their current inventory of REO properties. This program is expected to help bring a positive impact to at risk neighborhoods, by helping prospective buyers purchase REO homes.
Contact me for further details about this program and to search for properties.
Benefits:
- No Appraisal Required
- No Mortgage Insurance
- Up to 97% LTV available for Primary Residence
- Up to 90% LTV for Conforming High Balance
- Up to 90% for second homes
Important items to Note:
- HomePath® Renovation Mortgage is not eligible.
- Manufactured homes are not eligible.
- Condominiums are not eligible.
- Use of Down Payment Assistance for 97% Flex programs is not allowed.
- Primary Residence or Second Home only.
- Single Family residences and PUD’s only.
- 15-year or 30-year fixed rate terms only
- Can not have mortgage or housing late payments in last 12 months.
