Homepath Low Down Payment Financing For Fannie Mae Foreclosures

Homepath Low Down Payment Financing For Fannie Mae Foreclosures

Looking for your dream home with prices and rates so low? Are you considering a foreclosure home to buy and do not have a lot of funds for a down payment? In the Charlotte Metro housing market, you may be able to buy a home and pay a mortgage that is less than what you are paying in rent. I know that is hard to believe but I have seen it happen first hand! I bought my first home when I was 23 because I was tired of paying my landlord's mortgage and figured I could just pay my own since my monthly payment would be about the same. I just had to come up with a down payment which was a little tougher. I saved for about a year, but eventually I had the funds.

Now there is a program called Homepath from Fannie Mae that may help you buy your dream home. When you contract to buy a Fannie Mae foreclosure, you may be eligible for the Fannie Mae Homepath program. The Fannie Mae Homepath program not only offers a lower down payment than traditional financing, but there is also NO PMI (mortgage insurance)! No mortgage insurance will help you save on closing cost funds at the closing table and make your monthly payment even lower. There is also No appraisal fee with the Fannie Mae Homepath program. All of these savings mean more money in your pocket to buy more of a home or to make your new home exactly the way you want.

To search homes for sale that may qualify for the Fannie Mae Foreclosure Homepath program go to: HomePath.com.

To search all of the homes for sale in our market go to: CharlotteHomesAndRelocation.com.

For more information on the Fannie Mae Foreclosure Homepath program please call me at 704-221-0900 or email me at sbiedler@carolina.rr.com.