Prescott Real Estate News Blog's purpose is to keep current, past, and potential clients apprised of the real estate market conditions for the Prescott, Arizona Area. National and state news and events will be posted but special emphasis will be placed on Prescott Area and the Yavapai County - Prescott, Prescott Valley, Chino Valley, Dewey and Kirkland/Skull Valley.
-Prescott Real Estate News
Fannie Mae HomePath Program Helps More Homeshoppers Become Home Owners
Fannie Mae HomePath® Program Helps More Homeshoppers Become Home Owners
With the HomePath mortgage program, more people looking for a new home may be able to make a purchase and become home owners! Fannie Mae, a government-sponsored enterprise that helps increase the availability of homeownership to low- and moderate-income buyers, owns properties that may be designated as eligible for a HomePath mortgage. Only Fannie Mae-owned properties are eligible for this special financing!
Benefits of the program include:
15- and 30-year fixed-rate options and 5/1 and 7/1 LIBOR ARM options
Primary residences, second homes and investment properties are eligible
Up to 97% financing on a primary residence
Up to 90% financing on a second home
Up to 85% financing on an investment property
No appraisal required
No condo or PUD warranty required
All loans are run through DU with an Approve Eligible
Up to 6% seller contributions permitted on primary residence and second home
Minimum FICO 620
Gift funds can be used for entire down payment in some circumstances
No PMI required
Contact me today to learn more about HomePath financing and how I can help you turn more of your homeshoppers into home owners!
AZ Mortgage Banker License # BK-0903998; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act RML# 4131002; To check the license status of your CO Mortgage Broker, visit http://www.dora.state.co.us/real-estate/index.htm; Florida Mortgage Lender Servicer license #MLD738; ID Mortgage Broker License No. MBL-7766; IL Residential Mortgage Licensee – License #MB.6760738, 6465 Greenwood Plaza Blvd., Suite 500, Centennial, CO 80111; MN Residential Mortgage Originator License No. MN-MO-3233; NV Mortgage Banker License No. 2061; NV Mortgage Broker License No. 504; NM Mortgage Loan Company and Loan Broker Act Reg. No. 01856; OK Mortgage Broker License No. MB001365; OR Mortgage Lender License No. ML-776; TX Registered Mortgage Banker – NMLS 3233; http://www.wjbradley.com/Texas-Mortgage-Banker-Disclosure.html; UT Mortgage Lender Company License No. 5495659-NMLC; Utah Consumer Credit Notification and Utah Residential First Mortgage Notification regulated by the Utah Department of Financial Institutions; Vermont Lender License #6341; WA Consumer Loan License No. CL-3233; Wisconsin Mortgage Banker License No. 699991. NMLS consumer access: www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/3233.