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