Thursday, August 29, 2013

HomePath products allow a borrower to purchase a Fannie Mae-owned property with a low down payment








HomePath products allow a borrower to purchase a Fannie Mae-owned property with a low down payment, flexible mortgage terms, no lender-requested appraisal and no mortgage insurance.
Benefits to the Buyer:
  • No lender-requested appraisal
  • Low down payment - 3% on primary home can be funded by your own savings; a gift; a grant; a loan from a nonprofit organization, state or local government, or employer.
  • Flexible mortgage terms
  • Borrowers may qualify wth less than perfect credit
  • No mortgage insurance*
  • Expanded seller contributions for closing costs.
  • Available for primary residences, second homes and investment properties**
  • Many condo project requirements are waived; call for details.
* Ask about cost details on loans without mortgage insurance. ** Geographic and unit restrictions apply. The property must be designated on HomePath.com as eligible for HomePath financing and HomePath Renovation financing.HomePath is a registered trademark of Fannie Mae.
HomePath Mortgage and Renovation





Joel Lobb (NMLS#57916)
Senior  Loan Officer
502-905-3708 cell
502-813-2795 fax
kentuckyloan@gmail.com

Key Financial Mortgage Co. (NMLS #1800)*
107 South Hurstbourne Parkway*

Louisville, KY 40222*