Whats New
Nancy David has earned the nationally recognized Short Sale and Foreclosure Resource (SFR) certification. View the press release. She was also awarded membership in the prestigious RE/MAX Executive Club for top producers closing more than $2.5 million in transactions in 2011. View the press release.
Current News
Freddie Mac recently released the results of its Primary Mortgage Market survey showing mortgage rates easing to new all-time record lows for all products covered in the survey, helping to keep homebuyer affordability high. The average rate on a 30-year fixed-rate mortage fell to a record low of 3.89% for the week ending January 12, down from the previous week when it averaged 3.91%. A year ago, the 30-year rate was at 4.71% Read the full article are HARconnect.
Recent Events
RE/MAX ranks highest in customer satisfaction among both home buyers and home sellers in 2011 J.D. Powers & Associates study. Read the press release.
HomePath Program by Fannie Mae
What is the HomePath Program?
The HomePath Mortgage program 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.
The program also offers a Renovation Mortgage program for properties that require light to moderate renovation.
- More information is available on the HomePath Program website.
- Click here to search for a HomePath property now.
Benefits to the Borrower
- Low down payment and flexible mortgage terms.
- Down payment (at least 3%) can be funded by the borrower's own savings, a gift, 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.
HomePath Program Loans
Brandy Smith with 1st Alliance Mortgage is experienced in HomePath Program loans:
- Brandy Smith, Loan Officer
1st Alliance Mortgage
2000 N Loop W, Suite 133
Houston, TX 77018
Mobile: 713-875-8552
Fax: 800-458-5160
eMail: brandyloan@hotmail.com
Online application and free loan pre-qualifications at www.loansbybrandy.com
View this website for a complete list of HomePath Mortgage lenders.
Contact Me for More Information
For more information on this program please contact me directly.
