Have you been thinking about buying an investment property?
If so, here’s an idea that gives you crazy good terms on investment property!
…Buy a home from Fannie Mae’s HomePath Program.
This is the program Fannie uses for some of their foreclosed properties.
…But, for Investment properties the terms are pretty amazing.
For instance:
1) Up to 90% loan to value ratio on Investment property (1 unit).
2) No appraisal required!
3) No mortgage insurance required.
4) Condo project review not required.
You will need a 660 credit score for the 90% loan to value ratio.
If you are interested in acquiring one of Fannie’s HomePath properties – then have your Realtor do a search for them in your area!
That’s it for today!
Have a good day! …and thanks for reading.
Brett