Homepath financing for forclosure homes
Homepath financing is a unique program that is only available on certain home for purchase financing. The program requires only a small down payment of 3% for owner occupied homes or only 10% down if you are buying the property as a rental.
One of the biggest advantages of the Homepath program it does not require an interior appraisal. This means we will do the financing on a property and will not ask about the condition of the property. This will allow people to purchase foreclosure homes that might not be up to the standards of other loan programs such as FHA financing.
If the home you are trying to purchase is a condominium, there is no condominium documents that we need to look at. Several other loan programs have many restrictions that prohibit some buyers from getting financing. That is when Homepath really shines since there is no need for a condominium certification or other condominium documents.
Please check out the other tabs on the top for more information.
One of the biggest advantages of the Homepath program it does not require an interior appraisal. This means we will do the financing on a property and will not ask about the condition of the property. This will allow people to purchase foreclosure homes that might not be up to the standards of other loan programs such as FHA financing.
If the home you are trying to purchase is a condominium, there is no condominium documents that we need to look at. Several other loan programs have many restrictions that prohibit some buyers from getting financing. That is when Homepath really shines since there is no need for a condominium certification or other condominium documents.
Please check out the other tabs on the top for more information.
