HomePath Mortgage is now available!

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Effective Date:  July 7, 2010

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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.

Weber Housing Authority offers down payment help

In Ogden, the Weber Housing Authority has begun a home down payment assistance program for qualifying county residents.

Household incomes ranging from $38,550 for one person to $75,700 for a family of eight may qualify for $5,000 in assistance.

Funding totals are sufficient to assist up to 45 families. Home purchases must not exceed $180,000 and the home must be within Weber County but outside Ogden City limits.

Contact me for additional information on qualification guidelines for the Grant.