The real estate market is not doing so good right now. How often we have heard that statement this past year! The good news is that we all want to come out of this recession, see lower unemployment rates and see improvements in the housing market. One new program that will help stabilize communities impacted by recent foreclosures and help buyers achieve home ownership is one called the HomePath Mortgage.
This program is being offered by Wells Fargo.
We have a Wells Fargo lender right in our office here at 10303 W. Oklahoma Ave. in Greenfield, WI.
Though I don’t want to get into too much detail, here are some of the key points of this program:
The benefits include:
· Low down payment and flexible mortgage terms (fixed-rate, adjustable-rate, or interest-only)
· Lower entry costs for buyers…up to 97% financing for qualified buyers
· You may qualify even if your credit is less than perfect
· Available to both owner occupiers and investors (Investors can get up to 90% financing for investment properties)
· Down payment (at least 3 percent) can be funded by your own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer
· No appraisal fees
Tagged as: wells fargobuyersfrankin wi home buyershomepath mortgage
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