Fannie Mae Home Path

Fannie Mae has a great program, that First Time Home Buyers should be jumping at. Along with the $8000, first time home buyer tax ccredit, it is a winning combination.

1st Time Home Buyers and Realtors should be looking at Home Path Propertys. Prospect Mortgage is fortunately one of the few Home Path Lenders in Massachusetts. Any questions please feel free to call me. Cell Phone is always the best

978 502 3007. Below are some of the highlights of Home Path

HomePath® Mortgage Financing

This special financing is available on Fannie Mae homes with the following logo:

The benefits include:

• Low down payment and flexible mortgage terms (fixed-rate, adjustable-rate, or interest-only)
• You may qualify even if your credit is less than perfect
• Available to both owner occupiers and investors
• Down payment (at least 3 percent) can be funded by your own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer
• No mortgage insurance*
• No appraisal fees
• Also eligible for HomePath Renovation Mortgage (see details below)
• HomePath Mortgage financing is available from Jeff Sarkisian and Prospect Mortgage