No, it’s not 2006 again.
But, how would you like to get 3% down, no PMI, no appraisal, 3.5% seller assist, not FHA and the down payment can be funded by a gift?
That’s right, Virginia, there is a mortgage for you. It’s called HomePath ®.
OK, it is for owner-occupants, but investors only need 15% down. But, here is the catch- you must purchase a previously occupied and foreclosed home that is in the hands of America’s premier co-oligopoly- Fannie Mae.
Depending on your market, there may be a lot of homes available in this catagory that fill your needs.
You do not have to pay their agreed upon price either. It is negotiable.