Call us today and get pre-approved! Offers on these great buys require a letter of approval - we never charge an application fee! These properties sell quickly....

Financing not limited to the HomePath Program.

information copied as shown on Fannie Mae HomePath website:

HomePath® Mortgage Financing

This special financing is available on Fannie Mae homes with the following logo:

The benefits include:

• Low down payment and flexible mortgage terms (fixed-rate, adjustable-rate, or interest-only)
• You may qualify even if your credit is less than perfect
• Available to both owner occupiers and investors
• Down payment (at least 3 percent) can be funded by your own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer
• No mortgage insurance
• No appraisal fees

NEW - LIMITED TIME OFFER - Closing Cost Assistance and Appliance Incentive for Fannie Mae Homes

Fannie Mae is offering a 3.5% incentive* for buyers who purchase and close on a Fannie Mae-owned home between January 28 and April 30, 2010. Buyers purchasing properties listed on this site that are closed within this period may receive up to 3.5% of the final sales price for:

• Closing costs;
• The purchase of new Whirlpool® appliances by Fannie Mae; or
• A mix of closing costs and appliances, at the buyer’s discretion, up to the maximum 3.5%.

To be eligible for this incentive:

• Offers must be accepted on or after January 28, 2010
• Property sales must close before May 1, 2010
• Buyers must be owner-occupants, investors are excluded

Neighborhood Stabilization Program (NSP)
Currently, some local housing authorities and housing non-profits have programs for homebuyers that use HUD's Neighborhood Stabilization Program funds.

Fannie Mae supports NSP and offers some concessions to streamline the purchase of Fannie Mae properties for buyers using NSP funds. This includes:

• Deposit Waivers - Fannie Mae will waive the earnest money/deposit requirement for public entities using public funds to purchase a Fannie Mae-owned property. Individual homebuyers using public funds to purchase a Fannie Mae-owned property do not have to meet the full 5% earnest money/deposit requirement. Deposits can be as low as $500.
• Reserved Contract Period - Upon receipt of an acceptable offer, buyers have the ability to renegotiate their offer after obtaining an NSP-required appraisal.
• Extra Time for Closing - Buyer receives up to 45 days to close, 15 days more than is usually permitted for purchases of Fannie Mae-owned properties.

First Look for Fannie Mae Homes

First Look is designed to provide owner occupants and buyers using public funds a “first look” at Fannie Mae homes. Under First Look, Fannie Mae will only consider offers from owner occupants and buyers using public funds during the first 15 days a property is listed in the local multiple listing service (MLS). If the property is still for sale on the 16th day, investor offers may be submitted and will be considered.

• FICO scores as low as 580 allowed (requires larger down payment)

• 1-4 unit properties eligible for buyers who will occupy one unit

• Non occupying co-borrowers allowed to help owner occupied buyers

• Investor purchases up to 90% - No PMI

• Seller concessions help with closing costs (can do 6%, often limited to $5,000) See special offer for properties purchased by May 1 2010 above.

• Appraisals not required for mortgage
  

These are only a few of the beautiful homes in our area

randomly selected from the Fannie Mae Homepath Site

eligible for this special financing.

Hurry Please - Be ready - Get Pre Approved!!

First Time Buyers - ask us which down payment assistance program fits your favorite property.

511 Secretariat Ct., Reno   $309,645

2390 Glen Eagles, Reno     $229,900

12678 Meadowvale, Sparks   $125,900

2000 View Ct., Fernley  $169,900

Find Additional Properties: Fannie Mae HomePath

Information on this page is for informational purposes only - status and price of property may change without notice. This is not a commitment to lend. These properties are shown as an aid to prospective buyers looking at financing options. We do not represent ourselves to be licensed realtors - any inquiries regarding these properties are referred to licensed realtors.