Southern Trust Mortgage is pleased to offer Fannie Mae HomePath mortgage financing programs. The Fannie Mae (FNMA) HomePath program is designed to help move FNMA Foreclosed/REO homes. FNMA HomePath Mortgages offer high LTV financing with competitive eligibility and underwriting criteria without the need for mortgage insurance (MI) or an appraisal
Speak to your Southern Trust Loan Officer for complete details on these programs.
Below are some of the product guideline highlights:
Low Down Payments - all NO MORTGAGE INSURANCE
Owner Occupied
as little as 3% Down
Finance up to 97% of Purchase Price
Second Homes
as little as 10% Down
Finance up to 90% of Purchase Price
Non-Owner Occupied / Investor
as little as 15% Down
Finance up to 85% of Purchase Price
No appraisal is required.
The sales price of the property will be used as appraised value.
Mortgage Insurance is not required.
Seller Contributions are as follows:
Max 6% for O/O and 2nd Homes.
Max 9% for O/O and 2nd Homes with low LTV’s
Max 2% for Investment properties.
Eligible properties must be owned by Fannie Mae as a result of foreclosure and designated on the www.homepath.com website as eligible for HomePath financing. A full list of available HomePath homes is available on the official HomePath web site at www.homepath.com. Note that this is Fannie Mae's official web site for the HomePath program.
For financing pre-qualification and pre-approval, use our secure online application or call us today 888.562.6510 to get started. Please mention LowRateLoan.com when you call.
