Fannie Mae Foreclosures

May 23rd, 2010

Foreclosure Abandoned Home

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! Do you want to buy Fannie Mae Foreclosures? The above will help.

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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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