Consider A HomePath Home Loan.

In times of economic adversity, anyone may benefit from the security offered by a reliable, fair home mortgage. Many consider the home to be one’s greatest investment, and even critics of that philosophy vehemently defend the value of one’s own house. The last several years have produced such financial turbulence that the path to home ownership is an anchor, helping to secure one’s family and future. For those looking for more than a loan provider, but for a partner, HomePath mortgage financing may be a perfect fit for your needs.

The HomePath Mortgage allows you to invest in property owned by the Federal National Mortgage Association, more commonly known as Fannie Mae. The purchase requires only a small down payment and provides for flexible terms. Lender-requested appraisal and mortgage insurance are not necessary to enjoy benefits from the HomePath Mortgage. This saves you, the borrower, valuable time and money that could be wasted through another provider. With HomePath, expanded seller contributions to closing costs are also allowed, another feature of the unique program.

HomePath financing is a special program designed to offer a variety of benefits to the borrower. An accompanying feature to the low initial down payment includes the different terms available to you. Through HomePath mortgage financing, fixed-rate, adjustable-rate, or interest-only are equally available to suit the individual needs or preferences of the borrower. The down payment of at least 3% may be financed through an entire gallery of methods, including personal savings, a gift, grant, a loan from a nonprofit organization, state or local government and even your employer.

Our lenders can provide cost details without the often wanted hassle of mortgage insurance. The benefits of the program are not limited to primary residences. Our offers also accommodate and encompass second homes and investment property. We understand and appreciate your need to safeguard your future, and our program is designed to be your partner, better allowing you to do so.

Another special financing offer is directed for those seeking financing for light to moderate renovations. The HomePath Renovation Mortgage provides the borrower with the ability to purchase a property and fund the renovations. This option contains many of the benefits offered by the home mortgage, with alterations to better suit the different nature of the investment. This includes the no mortgage insurance feature. The renovation amount is based on an “as completed” appraisal value, allowing for greater flexibility and accuracy for the borrower.

Anyone may benefit from HomePath. The features we offer will aid in the investment options of any demographic, although the group with the most to gain may be those seeking to become homeowners. The simple process and close communication between the potential buyer and the lender allows for the investment to be made quickly and effectively. It is our goal to make home buying easier, and through the purchase of a Fannie Mae home, more financially accessible for more people. The options provided exclusively through Fannie Mae homes allow for tremendous offers and incentives to be guaranteed to our borrowers.