Calling All First Time Buyers And Investors
There are very few loan programs available that provide 100% financing for buyers, only 10% down for investors, and no mortgage insurance for either.
If you are this it is now available through Fannie Mae’ s new home buying program, Express Path Financing. Fannie Mae is selling many of their REO (Real Estate Owned), or bank owned, properties at great prices and offering incredible financing options for them.
They are currently offering 30 or 15 year loan options with 0-3% with up to 5% back as seller concessions. If you place up to 10% down you are able to receive up 6% back from the seller. For investors this is an amazing program since you are only required to place 10% down on homes. Compare this to 20% down on most homes.
Also keep in mind that on these properties there is no required appraisal, along with no mortgage insurance!
This program is offered through PHH mortgage, who owns Century 21 mortgage, and is being referred to as Express Path Financing.
If you are interested in being mailed my weekly list of foreclosure listings that will work with this program fill out this form below by clicking on the link.
All information is deemed reliable but should be verified for accuracy.
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