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Categories: Brett's Mortgage Blog

Fannie Mae Home Path…

I wanted you to remind you of what a great program Fannie Mae’s HomePath is. This is a program Fannie Mae has created for Fannie Mae owned property.

It allows a low down payment and flexible mortgage terms.

Here are some of the great features of this loan…

1) Only 3% down payment. …and, this down payment can be a gift, or even a loan from your employer!

2) No lender requested appraisal!

3) No mortgage insurance! …This is a biggie.

4) Generous seller contributions for closing costs.

Have your Realtor do a search for Home Path homes in your area. They are usually competitively priced, and you can’t beat the loan terms!

I hope you have a great day! Thanks for reading!

Brett

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Brett Sampson

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