What is a HomePath home A HomePath home is a foreclosed home in which Fannie Mae wasis the investor Fannie Maes goal is to sell these homes in a timely manner to help minimize the impact on the neighborhood ID: 448896
Download Presentation The PPT/PDF document "Things You Should Know About:" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.
Slide1
Things You Should Know About:Slide2
What is a
HomePath home?
A
HomePath
home is a foreclosed home in which Fannie Mae was/is the investorFannie Mae’s goal is to sell these homes in a timely manner to help minimize the impact on the neighborhoodA HomePath Home Loan provides funds to purchase a Fannie Mae propertyA home eligible for the HomePath financing MUST have the HomePath logo:Slide3
Benefits of a
HomePath Loan
Low down payment (can be savings, gift, grant
)
No Mortgage InsuranceExpanded Seller ContributionsSlide4
Plus…
NO Appraisal
required
Available to owner occupied properties OR
investorsCan qualify with less than perfect creditProvides funds to purchaseSlide5
How Do You Find a
HomePath Home?
Get Pre-Approved!
You can apply at
www.fidelitymtg.comFind out how much you qualify for
Next, visit
HomePath
Go to
www.homepath.com
to see qualified homes in your desired areaSlide6
Things to Remember…
Things to Remember about Fannie Mae and
HomePAth
:
Fannie Mae does not accept any offers until a property has been listed for at least 3 business daysFannie Mae Properties are only available to owner occupied and public entities for the first 15 days they are listedInvestors can buy with 10% down
No Mortgage Insurance!Slide7
Call today
For more information about
HomePath
Loans OR to get pre-qualified, call:
Grand Junction:970-242-7000Montrose:970-252-
7395
Steamboat Springs:
970-761-2245Slide8
Compliance
Equal Housing Lender. This is not a commitment to lend or extend credit. Restrictions may apply. Rates may not be available at time of application. Information and/or data are subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states. Bay Equity LLC, 100 California Street Suite 1100, San Francisco, CA 94111-4561; NMLS ID#76988. Loans will be made or arranged pursuant to
Departmentof
Business Oversight California Finance Lenders Law License #605-3919; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act- #4150077; Arizona Mortgage Banker License #0910340; Hawaii Mortgage Loan Originator Company License #HI-76988; MBL-7852 Idaho Mortgage Lender Broker License; Montana Mortgage Lender License #76988; Nevada Mortgage Broker License #3918.; New Mexico Lender License #76988; Oregon Mortgage Lender License #4845; Texas SML Mortgage Banker Registration #76988; Utah DRE Mortgage Entity #7953347; Washington Consumer Loan License #CL-76988; NMLS ID#76988; Colorado Mortgage Company Registration #76988. Regulated by the Colorado Division of Real
Estate. To check the license status of your CO mortgage broker, visit
www.dora.state.co.us/real-estate/index.htm
Texas Mortgage Banker Disclosure:
http://bayeq.com/forms/linked-documents/Pursuant-1.pdf
NMLS consumer access:
www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/76988
BEHL-140401
-7.0