HomePath Financing is a fantastic way to buy a Fannie Mae owned home right now. Reno and Sparks have many Fannie Mae owned homes on the market. First time homebuyers are in a great position to purchase these homes as Fannie Mae has the “first look” program which allows a owner occupant an opportunity to make an offer before an investor can. If you find an HomePath eligible home your are interested in purchasing, you should check with your lender about doing a HomePath loan. Even though the interest rate may be higher, the actual monthly payment and out of pocket expenses may be less. This is because mortage insurance rates are continually increasing. It might cost you $170/ mo for mortgage insurance. HomePath loans do no require mortgage insurance. They also do no require an appraisal.
If you would like to search for a HomePath
