Fannie Mae Has A New Loan Product... (Lower Score Requirements!)

Good Morning!



Did you know that Fannie Mae special financing available for many of their own foreclosure properties?



...It's true! Fannie has taken a que from HUD. They have a special financing product called Home Path.



If you see a Fannie Mae owned property with the HomePath logo - this means it qualifies for the HomePath product.



Here are some benefits of the Fannie Mae Homepath Loan:



1) Up to 95% ltv (primary residence), 90% ltv (second home), and 85% ltv (investment property) only need a 660 Fico Score.


2) Up to 80% ltv (primary residence, second home, and investment property) only needs a 620 Fico score.


3) Up to 6% Seller Concessions allowed for LTV's from 75.01%-95%, 9% Seller Concessions allowed for LTV's 75% and below.


4) No MI regardless of LTV!


Have a good day today! ...and thanks for reading.


Brett