Fannie Mae’s Homepath mortgage program is not limited to just first time home buyers.  Seasoned investors looking to pick up a very low priced FL rental property can take advantage; as well as, FL vacation home or 2nd home buyers.  The Homepath FL mortgage loan may just pave the way – consider the following benefits: 

• Finance your next FL home without having to pay for an appraisal!  With the HomePath mortgage, appraisals not required.  Keep in mind, you can obtain your own, independent appraisal – for piece of mind.
• Down payments can be as low as 3% for owner occupied homes and 10% for vacation or 2nd homes and investment properties.
• Enjoy lower monthly payments, as there is no PMI (private mortgage insurance) requirement. 
• And with sellers contributing up to 6% towards closing costs for primary and second homes; or up to 2% for investment properties; FL home buyers continue to save.

 If you’re looking for a local Fannie Mae Homepath Realtor or to find out if you qualify for a Homepath mortgage loan; call 321-987-9876 or email info@beechtreemortgage.com.

Ever come across a first time home buyer who has worked hard and saved towards the purchase of their first FL home; but may have a few credit glitches which result in a less than perfect score?  Most larger banks require at least a 620 middle credit score before considering a FL FHA loan.  Well there is one Lender in Central FL that makes buying a bit easier.

Think about this for a minute.  It is true that obtaining a FL mortgage in today’s market is more difficult than ever.  Banks have tightened their requirements, on top of already restrictive guidelines from Fannie Mae, Freddie Mac and HUD (FHA loans).  Some banks require credit scores in the 660 range before allowing hard working and well deserved home buyers to move forward on their new FL dream home.

If you are looking to purchase a FL home or have a client with less than perfect credit scores; have them contact us or call 321-987-9876.  We don’t believe that a credit score of 619 should disqualify you from buying your first FL home.