Good Morning,
If you are interested in buying real estate as an investment I have good news for you...
The mortgage industry is starting to make your life a little easier. Up until recently you needed to put 20% down on investment property, however Fannie Mae is changing this.
Fannie Mae foreclosures that are listed as qualifying for the Homepath program have more favorable financing for investors.
The benefits to investors are...
1) Up to 90% LTV financing.
2) 660 FICO score minimum.
3) No MI.
4) No appraisal.
5) Up to 2% sellers concession from Fannie Mae.
6) 75% LTV with a 620 FICO score for over 4 financed properties.
7) Up to 10 financed properties total.
Just ask your realtor to do a search for Homepath properties. ...then call or email me, and I will get you the loan.
I hope you have a good day today. Thanks for reading!
Brett
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