Wednesday, May 2, 2012

HomePath Conventional FannieMae Loan

HomePath is a conventional loan for 97% Financing.  I am going to share with you the highlights of this type loan.  If you would like to compare it to an FHA, VA or regular conventional mortgage please let me know.  I would be happy to share the knowledge.

*Has to be a Fannie Property
*3% down payment for most
*No Appraisal Required
*Minimum credit score is 640
*seller can pay up to 6% of the purchase price toward closing costs for buyer
*$5k repair escrow

My name is Valerie Springer nmls 198479, Home Mortgage Expert and writer for Ask Val in Birmingham, Alabama. You may contact me by email at or call 205-314-4775.