Fannie Mae and your home purchase

FANNIE MAE OWNED PROPERTIES ARE AN EXCELLENT BUYING OPPORTUNITY!

With the surge in foreclosures over the past few years, Fannie Mae has taken back a significant number of homes where the owner’s could no longer afford to make the payments on their loans. In an effort to move these homes off their books, Fannie
Mae is offering special financing options that allow more consumers to qualify for the purchase of these homes. These special financing options coupled with the lower housing prices offered on these homes make a great buying opportunity!
Currently in King County there are 416 Fannie Mae owned homes ranging in price from $49,900 to $459,900. There are 232 homes in Pierce County and 245 homes in Snohomish County. Consumers looking to purchase these homes as their primary residence can get in for as little as a 3% down payment, with a 660 credit score, no private mortgage insurance required, and no appraisal needed.
Those looking to purchase the homes for investment purposes can get in with as little as a 10% down payment, with no mortgage insurance and no appraisal needed.
Fannie Mae has created a website at www.homepath.com where interested consumers
can search to see the homes currently available.
This is one of those opportunities that won’t be around forever so if you or someone you know can benefit from this, now is the time to act!