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”.
Tags: Homepath Loan Program, mortgage loans
