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Another HomePath Eligible Property Highlighted
February 8th, 2010 | 
Author: There seem to be a lot of great deals offered through the Fannie Mae HomePath program in the Eugene/Springfield, Lane County area of Oregon, that I am going to pick a few each week and put that information out there that these properties are available for only 3% down and no mortgage insurance with Fannie Mae willing to contribute 3.5% to closing costs. The one I chose today is 1,510 square feet with 4 bedrooms and 1 bathroom and it is listed at $139,900. Real Estate Investors also can get a good deal on a HomePath home with only 10% down with no mortgage insurance.
The property sold about two and a half years ago for $191,000 according to county records. If you don’t have a Realtor, call me and I will recommend an excellent one for you. For information about the HomePath financing program, call me for that. You can reach me (Fred Chamberlin) at 541-342-7576/541-221-3455 cell or by e-mail. Alpine Mortgage Planning is located at 1200 Executive Pkwy., Ste. 100, Eugene OR 97401. I am your local lender. Call today.
Posted in Bank Owned properties, Eugene Oregon, First Time Home Buyer Tax Credit, Foreclosures, Lane County Oregon, Making Homes Affordable, Mortgage Loans, Springfield Oregon | 
Tags: fannie mae homepath, foreclosure, home purchase, incentive, investment property, no mortgage insurance, rental property
I admit, I have not been on this real estate blog in a long time… however it was another joy to see it is such an important topic and ignored by so many, even professionals. I thank you to help making people more aware of possible issues.
Great stuff as usual….