HomePath Financing Program for REO homes
Sunday, January 17, 2010
The HomePath financing program is a program designed to move REO homes. The benefits of this program include:
- Low down payment and flexible mortgage terms, including fixed-rate & adjustable, at as little as 5%.
- Borrowers with less than perfect credit may qualify
- Available for owner occupied properties, or second home investments
- The down payment of at least 3% can be funded by the borrowers own savings, a gift or grant, or a loan from a non-profit organization, state, local government, or employer.
- No mortgage insurance required
- No appraisal required
Whether you are looking to purchase Pleasanton Real Estate or a home in another city, be sure to consult with your mortgage professional to determine your best options. If you dont have a mortgage professional, contact a Realtor for a referral. For more details on qualifications of this program visit HomePath.
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