HomePath Foreclosures
Fannie Mae Home Path mortgages offer low down payment with no mortgage insurance, including investment property. Additionally, Fannie Mae’s First Look is designed to provide neighborhood stabilizing entities—owner occupants, public entities, non-profits and similar organizations—a “first look” at Fannie Mae homes.
Under this policy, Fannie Mae will only consider offers from owner occupants and buyers using public funds during the First Look marketing period, typically the first 15 days a property is listed on HomePath.com. If the property is still for sale after the First Look Marketing period expires, investor offers may be submitted and will be considered. Properties in the First Look marketing period will have a timer with the number of days remaining on the property details page.
Check out this link to the HomePath website for Lane County:
Home Path mortgages are available with as little as 3% down for personal residences and as little 15% down for investment properties.
Contact me
Navigating the mortgage approval process can be daunting. You need someone on your side. I am available right now to help you with the loan process and know the ins and outs of FHA, VA, USDA and conventional financing. If you want to buy a home using an FHA loan or refinance using VA, I am here to help. Contact me at Alpine Mortgage Planning, 1200 Executive Pkwy., Ste. 100, Eugene OR 97401, 541-342-7576/541-221-3455 cell or by e-mail. Only you can make the choice it is time to get the process started.
(Personal residence purchase based on purchase price of $200,000, 3% down payment, 5.75% interest rate, 5.930% annual percentage rate, 30 year fixed rate, no balloon payment. Investment purchase, 15% down payment, 30 year fixed rate, no ballon payment, 5.375% interest rate, 5.644 annual percentage rate. Subject to qualification. Rate subject to change.)
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