Home Path-FNMA REO Financing

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Home Path-FNMA REO Financing

Posted By: The Shopping Nazi on January 19, 2010 in Bargin Places, Home - Comments: 2 Comments »

Guild Mortgage of Boise Idaho announces “Home Path”. Another great Boise home loan financing program.

Home Path targets Fannie Mae (FNMA) REO properties. It allows Idaho home buyers a great opportunity to purchase the home of their dreams. A few of the high lights are

Only 3% down payment which can be gifted or granted
NO Mortgage Insurance is required-this part is great! Mortgage insurance usually runs from $50-$200 per month.
NO Appraisal-the purchase price will be determined by the real estate contract that is negotiated between the buyer and the FNMA representative.
Only 10% down for an investment properties with 1 to 2 units. Again no MI!
30 year fixed financing
Credit Score needs to be above 660

Here is the link to check to see if a property qualifies. www.HomePath.com

Guild Mortgage – Boise Home loans – Craig Ballhagen 208-713-3309

Tags: Boise, Craig Ballhagen, Fannie Mae, Guilld Mortgage, Idaho, REO

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