Are You a Home Buyer Looking For a Great Deal on a Home?
ByAre you a Home Buyer looking for a great deal on a home? What if the home is worth $165,000 but you were able to get it for $110,000. Or maybe you can only afford $80,000 but the homes you like are in the $130,000 range? Yea right, like that’s going to happen!!!
Well, it does. In fact these are two recent loans we did. One home was valued at $165,000 and purchased for $110,000. The other home was worth $130,000 and purchased for $80,000. That’s right! Huge equity from day one!
Better yet, the borrower’s didn’t have to pay for the appraisal or the MI and were financed for 97%! Even better, they only had to come up with their own $500 for earnest money and the 3% was able to be gifted!
HOW WAS THIS DONE?
Its called buying a HomePath home. It’s a Fannie Mae Foreclosure and you can find the listings at www.HomePath.com and we are a HomePath Lender.
Normally 2 things come up when we talk about HomePath. Minimum FICO is 661 and second homes/investment properties are eligible (just at a lower LTV).
Let us know if you need more information.
