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Posts Tagged ‘no mortgage insurance’
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. Read More
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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 | 
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Fannie Mae HomePath Offers Extra Incentives
It has been some time since I promoted the HomePath program in the Eugene and Springfield areas. At that time, there weren’t very many homes in our area that qualified for the program, but that has changed. Basically, what HomePath does is allow the purchase of selected Fannie Mae owned foreclosures with lower down payments and no mortgage insurance, both owner occupied and investment (rental) properties. Now, they are offering a 3.5% incentive* for buyers who purchase and close on a Fannie Mae-owned home between January 28 and April 30, 2010. Buyers purchasing properties listed on this site that are closed within this period may receive up to 3.5% of the final sales price for: Read More
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Posted in Bank Owned properties, Down Payment Assistance, 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 |
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Foreclosure or Short Sale, is there really a difference?
Foreclosures and bank owned properties are getting a lot of play in the media right now and many buyers are focusing on these properties, along with short sales while trying to find a great deal on a house. For a change, I want to switch my focus from the buyer (the one I deal with) to the seller because I think there is some erroneous information out there about the difference between a foreclosure and a short sale as it concerns the owner of the property. Read More
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Posted in Adjustable Rate Mortgage, Bank Owned properties, Eugene Oregon, Foreclosures, Lane County Oregon, Loan Modification, Making Homes Affordable, Springfield Oregon |
Tags: fannie mae homepath, foreclosure, home purchase, investment property, manufactured homes, no mortgage insurance, rental property, short sale |
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Homeowner Affordability and Stability Plan Announced
Posted in Bank Owned properties, Eugene Oregon, Foreclosures, Lane County Oregon, Mortgage Loans, Springfield Oregon |
Tags: 80% loan to value, fannie mae, federal bail out housing plan, foreclosure, freddie mac, home purchase, no mortgage insurance, president obama housing plan, refinance with no mortgage insurance, stability plan |
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Fannie Mae HomePath – New Deal for Foreclosures
Foreclosures, how to buy them and maybe most importantly, when. I have been discussing how to use the FHA 203k Streamline as a great way to buy your personal residence and be able to fix it at the same time. Effective today, we have another program to help purchase foreclosures (or REO – Real Estate Owned) properties that are owned by Fannie Mae. This new program is called HomePath. This is an unusual program because it allows not just personal residences, but also second homes and investment properties as part of the program. Read More
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