Effective January 5, 2009 First Place Bank is a Fannie Mae HomePath lender. I am able to originate HomePath Loans on Fannie Mae REO's in all 48 states. I am also able to originate Fannie Mae HomePath Renovation loans in Ohio, Michigan, Indiana, Kentucky & Western Pennsylvania.
The HomePath Loan is for Fannie Mae Real Estate Owned properties only. The borrower can put 3% down & pay NO PMI! The seller can contribute up to 6% of the sale price for buyers closing costs.
Call me for more details!!
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