Fannie Mae's new HomePath Program

At today's sales meeting at the Montclair golf course we had a presentation from the guys at Metrocities Mortgage.

The topic of today's scheduled speakers was the new program from Fannie Mae, HomePath REO loans. This promises to be an exciting program

Metrocities Mortgage our in house lender is one of the few lenders approved to offer Fannie Mae HomePath REO Loans.

The HomePath REO Loan Program offers lower down payments and relaxed requirements. What this means to the consumer is more homeshoppers can become homebuyers!

The key is the home must be a home owned by Fannie Mae. To check the homes available please visit the website www.homepath.com or www.reosearch.fanniemae.com/reosearch

You'll need a FICO score of 660 or above to qualify

• Only 3% down required on a primary residence property
• No mortgage insurance required
• No property appraisal required
• Only 10% down on 1-2 unit investment properties
• Get up to 6% in seller concessions on primary residence properties

Get pre-approved with my contact at Metrocities Mortgage;

Shane Wihlidal

3320 Grand Avenue. Oakland, Ca. 94610

Office: 510 834-2010 x 229

Cell: 925 395-3488

Fax: 866 597-0125

Swihlidal@metrocitiesmtg.com

Be sure to tell him that I told you about this program. When you're ready to purchase that home give me a call. My contact information should be somewhere handy on this blog page your viewing.