Lake Forest, CA ~ Fannie Mae REO Homes Offer Special Financing For Buyers

Fannie Mae is smarter now ... offering special financing on its REO BANK OWNED HOMES at Lake Forest, California.

22713 MALAGA WAY 3 - 2 bedroom, 2 bath - $199,900

24255 LARKWOOD LN - 2 bedroom, 1 bath - $312,000

25583 MONT POINTE - 2 bedroom, 2 bath - $213,500

23216 ORANGE AVE - 1 bedroom, 1 bath - $104,000

289 CHAUMONT CIR - 2 bedroom, 2 bath - $245,900

These are bank owned REO homes after foreclosure, which sold for much higher prices between 2004 to 2007.

Look for the Fannie Mae special financing opportunities on its REO homes at HomePath.com.

Fannie Mae guidelines on its REO homes ~ 97% loan with three percent down payment for owner occupied financing with no mortgage insurance.

Fannie also offers SPECIAL FINANCING FOR INVESTORS who want to buy its REO homes.

FHA guidelines ~ Down payment of 3.5 percent plus some part of loan amount to be paid upfront for mortgage insurance premium. And in addition to monthly payment (PITI), borrower would be charged .55% of the loan amount every year for ongoing mortgage insurance.

Search for Fannie Mae REO homes for sale here.

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If you want information about Orange County homes and properties, please contact us. Thank you.

Harrison K. Long, Explore Group Properties, Coldwell Banker Previews, Irvine, CA.

www.BuyersExploreHomes.com ~ www.ExploreTheOC.com