HomePath Loans are a great tool to use for purchasing HomePath Home By Fannie Mae. The regular HomePath Loan offers NO APPRAISAL REQUIRED for investors and homebuyers alike. As low as 5% Down for owner occupant buyers and 10% down for Investors...Also, when buying a condominium in Florida there is no requirement to qualify the condo again as with traditional financing, including for investor. Now,
with HomePath renovation loan financing, which will permit up to $35,000 in total renovation costs, this does require an "as improved" appraisal. Min down payments change for the investor to
Having the opportunity to provide my customers and Realtor Partners with MORE options and BETTER rate pricing was a key factor in me joining The Mortgage Firm. I NOW have available ALL Renovation Loans: FHA 203(k) Streamline and FULL, Conventional (HomeStyle), FNMA HomePath, JUMBO / Non Conforming Renovation, and the ability to offer an escrow hold back option as well(avoiding the necessity to do a renovation loan, if property and customer qualify - I LOVE this option! - Ask me MORE about this!)...available as a refinance as well for doing an addition, adding a pool, renovating a sea wall, putting on a new roof and impact windows to lower you insurance, etc...
