HomePath and Homesteps, USDA and Imperfect credit mortgage financing
HomePath mortgage financing is a program offered by Fannie Mae on their owned properties. It’s a super program helping buyers who may not be otherwise qualified for a mortgage. All the information you need is available at their website: http://www.homepath.com. Or call us for more information.
Some features of the program are that you may still qualify, even if your credit isn’t great. You only need a 3% down payment and even though you’re putting down less than 20%, there is no PMI (private mortgage insurance), no appraisal fees. Your down payment can also be a gift or a loan if you wish. Take a look at the website.
Freddie Mac (FHLMC) also have their own similar program called Homesteps Financing. http://www.homesteps.com. This is even nicer – in addition to the above features, they offer limited time promotions. Right now they are offering up to 3.5% back on closing costs and a 2 year warranty on all appliances.
I’d say this is definitely worth investigating. A lot of normal mortgage brokers and lenders are approved for the Homesteps and Homepath financing. You can look up the approved agents on the website, or call us today.
USDA (RURAL HOUSING) is a great product, here are some of the features that set this product apart from the pack.
Provides 100% financing with no Private Insurance and you can roll in Closing cost if your appraisal come in higher than Purchase price. Provides you with unlimited Seller concessions,Gift Funds allowed- and they do not have to be a family member!
We can approve you with liberal credit standards- with a 620 Middle credit score -no rent verification is required.
Less than a 620 credit score?
What if I have a score less than a middle score of 620?
No problem we will work with you to analyze your credit report and clear up old credit issues thru the major bureaus sometimes we can help you to raise your score in 2-30 days.
We are experts at getting your Fico/Beacon score to a higher level to get you pre approved for your dream home in minimal time!
You can call us at 239-580-9977 or visit our website at www.americahomekeyflorida.com
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