FNMA Homepath Mortgages for Condos

Dated: 12/09/2012

Views: 1472

FNMA Homepath Mortgages aren't just for condos, but they are a great option if you are looking to finance a condo in today's market.  FNMA Homepath rates are just slighlty higher than FHA rates, but they require NO PMI, and no appraisal. 

The biggest advantage to using a Homepath Mortgage is that they will finance virtually any condo that is owned by FNMA without requiring a condo questionaire.  Traditional lenders require that the condo association complete a detailed questionaire indicating percentage of investor owned properties, delinquent HOA dues, pending litigation etc.  If any one item is over the lender's threshold, they will deny the financing.  This has been a major problem in the current market and has greatly hindered the sale of condos.

FNMA Homepath Financing is available only on FNMA owned Foreclosures.  If you're interested in buying a condo in the Charleston, Mt. Pleasant, Summerville or any of the surrounding areas and would like to be notified when a new FNMA property comes on the market just let us know.  

Charleston Foreclosures

Mt. Pleasant Foreclosures

Daniel Island Foreclosures

Summerville Foreclosures

Goose Creek Foreclosures

North Charleston Foreclosures

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Hunter Reynolds

Hunter Reynolds is a full-time Realtor with Keller Williams Realty in Charleston, South Carolina and is Foreclosure and Short Sale Certified. He specializes in residential properties in Charleston, SC....

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