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Tuesday, February 2, 2010

Fannie Mae Home Path Highlights

Fannie Mae Home Path financing allows for up to 97% LTV on purchase transactions for FNMA REO properties with no appraisal or MI requirements. This product gives you an opportunity to strengthen your existing Realtor partnerships and offers an excellent conversation starter for new Realtor relationships. Guild Mortgage is one of only 22 lenders in the country able to offer this type of special financing.

Special Offer: Up to 3.5% incentive available for owner occupied transactions through April 30th, 2010. See back for additional details.

LTV’s of up to 97% for owner occupied properties and 90% for second homes and investment properties.

Allows for up to 10 financed properties (greater than 4 financed properties, LTV and FICO restrictions apply)

No condo project approval or condo questionnaire required (Underwriter to verify project is not a CondoTel)

Down payment can come from flexible sources when using the FNMA Flexible Mortgage option. Examples include gift, grants, unsecured loans from relatives, employers, public agencies and secured funds (FNMA Flex price adjustment applies)

No appraisal required (LTV determined by contract sales price)

No Mortgage Insurance required

Up to 6% seller contributions allowed

Non-traditional credit allowed (price adjustments apply)

660+ FICO required for LTVs over 80%

Go to for current listing of eligible Home Path properties

Call Frank Hinkley with Guild Mortgage for more information:
Dir. 425-945-8069/ Cell. 206-979-4670

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