Fannie Mae has a large inventory of foreclosed homes it is trying to move quickly by offering a 3 percent down payment to qualified buyers who finance with the government-sponsored agency’s HomePath® Mortgage. You can find homes in your area eligible for this special financing at HomePath.com
Wells Fargo is among the select lenders approved to offer HomePath financing. Wells Fargo launched a program in select markets in March called Renew, Restore and Rebuild designed to assist municipalities with the use of Neighborhood Stabilization Program dollars received from the federal government.
The program helps revitalize communities and turn vacant and foreclosed homes into improved, owner-occupied homes by enabling buyers to purchase a bank-owned real estate property at an affordable price and renovate it.
It’s a cost-effective way for customers to obtain the home they’ve always wanted. Communities benefit from the upgrades done to foreclosed homes and from the fact the home is not left vacant for long periods of time.
For more information please contact Robert Prophet and the Robert Prophet Group. Send us an email or visit our web site: RobertProphet.com
