February 6, 2016

HomePath Financing East Bay Area Contra Costa – 3.5% Credit for Closing Cost From Fannie Mae

Posted by Jason Wheeler | Subscribe

HomePath Mortgage allows a borrower to purchase a Fannie Mae-owned property with a low down payment, flexible mortgage terms, no lender-requested appraisal and no mortgage insurance. Expanded seller contributions to closing costs are allowed. Currently Fannie Mae is offering up to 3.5% of the purchase price as credits towards borrowers closing costs on a property.

What few people know is that you can even use this program to finance renovations to a property that you would like to buy and make repairs to. Did you know you can get Fannie Mae to give you up to $35,000 to repair a HomePath property you are in contract to close on and buy?! That is right! Fannie Mae will GIVE you money to make repairs on your new home in California.


Download the HomePath Renovation Details Here and share it with your borrowers and clients.

If you would like to find a HomePath property in the CA Contra Costa East Bay Area you can search for qualified properties in Contra Costa and surrounding Counties here

Benefits to You, the Borrower

  • Low down payment and flexible mortgage terms (fixed–rate, adjustable rate, or interest–only).
  • Down payment (at least 3 percent) can be funded by the borrower’s own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer.
  • No lender-requested appraisal.
  • No mortgage insurance; ask your lender for cost details on loans without mortgage insurance.
  • Expanded seller contributions for closing costs allowed.
  • Available for primary residences, second homes and investment properties.
  • Many condo project requirements are waived; ask your lender for details.
  • For more information, contact a HomePath us today.

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Until Next time Here is to your success! Jason Wheeler

About Jason Wheeler - Bay Area Mortgage Lender

Jason Wheeler got started with in the Mortgage & Lending business in 2003. Jason has become a top producer for one of the largest most well respected Real Estate and Mortgage brokers in the industry, producing quality loans in California. For fun... Jason loves to write and share on his blog (what you are reading now) hangs with his wife daughter and dog. IF YOU LIKE WHAT YOU'RE SEEING GO VIP HERE

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