Fannie Mae HomePath REO Financing
Bellevue Real Estate.
Bellevue Real Estate has been very successful during economic downturns throughout it’s history, but even with all it’s success some residents do struggle. That unfortunate fact means opportunity for those who are ready to purchase their first home or look for an investment property. There are currently 9 Bellevue homes that qualify for Fannie Mae’s HomePath mortgage program. Fannie Mae is projecting that it will be foreclosing on 8,5 million homes over the next two years. That’s an absolutely astounding number and the impact on the families will be far reaching.
Bellevue Real Estate HomePath Program.
HomePath somewhat mirrors that of an FHA program but you only need 3% down payment rather than 3.5% required on FHA. You’ll need a minimum credit score of 660, BUT a big difference is you don’t need an appraisal and won’t be required to pay the Private Mortgage Insurance which is a significant amount.
Check out this side by side comparison between FHA and the Fannie Mae HomePath program.
Thinking about investing? You too can purchase a Fannie Mae owned home and use the HomePath Mortgage Program – you’ll need 10% down and will not have to pay the Private Mortgage Insurance.
Here’s a list of Fannie Mae owned homes in Bellevue:
No listings found
Are you looking at homes for sale in Bellevue WA but don’t have a lot to put down for a down payment? These Fannie Mae Owned homes all qualify for the HomePath program.
Search all homes for sale in Bellevue WA
