Fannie Mae Homepath Program Seattle, Wa – Buy A Foreclosure & Pay No PMI or Appraisal (Demo)

I’ve been able to partner with a couple banks and FANNIE MAE to help stabilize communities impacted by recent foreclosures while creating the opportunity for more buyers to achieve homeownership. The HomePath® Mortgage program is now available to my agents and buyers, and can provide up to 97% financing for qualified borrowers wanting to purchase an eligible Fannie Mae-owned property. Even investors and multiple home owners can use this program!

These homes may be a great opportunity for borrowers that have little money for a down-payment, first-time homebuyers, buyers looking for a fixer-upper, investors and more. Now you can help even more borrowers make homeownership a reality.

Key HomePath Mortgage Features:
– Low down payment – up to 97% financing for primary residence and up to 90% for investment property
– No MI required; however specific MI adjusters apply
– Fixed rates, ARMs and Interest-Only payment feature available
– May be available to buyers with less-than-perfect credit
– Eligibility for high balance conventional loans
– Eligible properties include primary residences, second homes and investment properties
– Minimum credit score requirements are as follows:

o 660 required for LTV > 80%
o 620 required for LTV <= 80%
Down payment can be funded by a borrower’s own savings; a gift; a grant; or a
loan from a nonprofit organization, state or local government, or employer (very similar to FHA guidelines, but without the additional FHA MI costs…).
· Purchase transactions only
· No appraisal required

Make your buyers aware that you can now provide a HomePath Mortgage option to compare to FHA. And even if a HomePath loan isn’t right for them, our other products or programs may fit their needs. Let me know if you would like a side-by-side comparison. I’d be happy present that to you!

You can go to to search for direclty for eligible Fannie Mae properties, or contact me directly and I can help!

Dan Keller
(425) 350-7136