Homepath was created to facilitate the purchase of the bulk of REO properties in San Jose and rest of the bay area currently serviced/guaranteed by FNMA (Fannie Mae).
Highlights:
- As little as 3% down allowed for owner occupied!
- As little as 10% down for non owner occupied and 2nd Homes!
- No Mortgage Insurance!
- No Appraisal Needed - Value determined by Sales Price
- You may qualify even if your credit is less than perfect
- Loan Amounts up to $801,950 allowed
- Loan Term Available : 30 Year Fixed
- Transaction Purpose : Purchase Only
Borrower Eligibility
- First Time Homebuyers allowed
- Non-Perm Resident Aliens not allowed
- Non-Occupant CoBorrowers not allowed
Here's How to get started : Check www.homepath.com to ensure property is eligible for HomePath financing. And then contact us to if you want more details on this special loan program.
Originally posted at -San Jose Home Loans, FHA Loans and Mortgage Rates.
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Shashank Shekhar
Mortgage Broker/Banker | San Jose, CA
(408) 615-0655 | Shashank@ArcusLending.com
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