Fannie Mae Foreclosures

May 23rd, 2010

Buy FANNIE MAE FORECLOSURES using the HomePath Program, visit: http://www.homepath.com for property listings.

Owner Occupied loans to 97% LTV

3% down can come from gift money.

Second Homes available to 90% LTV with 700 credit score.

Investment property available to 85% LTV with 700 score.

Property must be listed on http://www.homepath.com.

Gift funds allowed on Owner Occupied Homes & Second Homes.

NO APPRAISAL (automated review only- must be within 10% of sales price).

Home inspection required (only to show home meets Safety & Health codes).

High Balance loans (loans as high as $729,750) available with higher credit score requirements.

Eligible Properties: single family & condo only.

First time home buyers allowed.

Minimum 660 credit score.

6% seller contributions towards closing costs.

No PMI.

It does not get much better than this, in the way of liberal loan programs!

Brian Martucci is a loan officer for Capital Bank Home Loans, a division of Capital Bank, N.A. He has been in the mortgage industry since 1986 and has served in a number of roles, including loan processor, loan officer, mortgage broker, branch manager, and vice president. Brian Martucci – NMLS# 185421. His opinions do not necessarily reflect the opinions and beliefs of Capital Bank Home Loans or Capital Bank. Capital Bank, N.A.- NMLS# 401599. Click here for the Capital Bank, N.A. “Privacy Policy”.​

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