PROGRAM OFFERS GREAT BENEFITS FOR BUYERS

Home Financing Center is now an approved lender for HomePath^®.

What is it? A new Fannie Mae program that offers great benefits to buyers – including special incentives. This new HomePath^® Mortgages program is available to buyers who purchase a Fannie Mae real-estate-owned (REO) property. There are hundreds of these REO properties in South Florida, listed on www.HomePath.com.

What are the benefits? The benefits to buyers include:

• Up to 97% financing
• No mortgage insurance
• No lender-ordered appraisal

Also, for a limited time, buyers purchasing these REO properties may be eligible for an incentive of up to 3.5% of the final sales price to be used toward closing costs, purchase of new Whirlpool® appliances or a mix of closing costs and appliances.

As an approved lender for the HomePath^® program, Home Financing Center will assist with the application and approval process to ensure a smooth closing.

Eligible HomePath^® properties include:

• A single-unit principal residence. A 3% minimum down payment is required, which may come from a variety of sources.
• A second home, investment property, or two- to four-unit principal residence. In this case, the minimum down payment is 5% from the borrower’s own funds, and could be higher.

In any case, the sale price will be used as the property value with no need for a lender-ordered appraisal. Since Fannie Mae relies on the expertise of local real estate sales professionals, offers are accepted only through approved agents.

How do I apply? Contact Home Financing Center for more information at 305.777.1100.