Investor Financing Available With Fannie Mae Foreclosures And The Homepath Program

Investor Financing Available With Fannie Mae Foreclosures And The Homepath Program

Looking for an investment property to diversify your portfolio instead of having all of your funds in the stock market while interest rates and home prices are so low? Are you considering a foreclosure home to buy for an investment and do not have a lot of funds for a down payment? Well there may be some programs available for qualified investors that you might be able to take advantage of.

Now there is a program called Homepath when you contract to buy a Fannie Mae foreclosure that may help you buy your next investment home. You do not have to use this program when you contract to buy a Fannie Mae foreclosure, but there could be some advantages in doing so. The Fannie Mae Homepath program offers a lower down payment than traditional investor financing, and 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 investment 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.