HomePath Renovation Financing For Alabama Fannie Mae REO's

HomePath Renovating Financing is Here!!!!

Prospect Mortgage is now one of the few lenders across the country to offer the HomePath Renovation financing option for Fanne Mae REO properties in Alabama. HomePath mortgages are only available for select Fannie Mae REO properties. Eligible HomePath properties can be found at www.HomePath.com.

Maximum LTV:

• Primary Residence - 1-4 units - Max 97% LTV
• Second Home - 1 unit - Max 85% LTV
• Investment Property - 1 unit - Max 85% LTV
• Investment Property - 2-4 units - Max 75% LTV

Eligible Proeprty Types:

• SFR (Single Family Residence) - Attached and Detached
• Townhome
• Condo
• 2-4 units
• Modular Home

HomePath mortgage do not require mortgage insurance.

Fannie Mae currently has hundreds of HomePath and HomePath Renovation eligible propertieslisted for sale all across AL. HomePath properties can be found all across AL in cities like Anniston, Auburn, Bessemer, Birmingham, Daphne, Dothan, Florence, Gadsden, Gulf Shores, Huntsville, Mobile, Montgomery, Phenix City, Selma, Tuscaloosa, and many more.