Comments on: HomePath Mortgage Loans – What you need to know

By: Jenn

Jenn — Fri, 16 Apr 2010 00:33:55 +0000

HomePath loans are also great for Florida condo shoppers. You can not get a conventional loan on a condo in S. FL for less than 20% down even w/excellent credit. If you try for a FHA loan, then the condo association where you wish to purchase at must be an approved FHA association. These associations, I found out, were few and far between. Fannie Mae owned condos with a Homepath (3% to 10% down) mortgage do not require the condo association to be FHA approved. This is GREAT for non-grass cutters like me!

By: Derek Basch

Derek Basch — Sun, 28 Mar 2010 03:36:22 +0000

Great info. Thanks!

By: Jason

Jason — Tue, 10 Nov 2009 22:36:24 +0000

Actually, an investment property for HomePath financing is only eligible for up to 90% loan-to-value (or 10%). An investor still gets the benefits on no appraisal or MI (mortgage insurance) when purchasing a HomePath home. Now, you can declare the new home in Florida as a second home if you will be using it as vacation home until your officially move to Florida. This means that you will be spending at least 2 weeks out of the year at this residence. By doing this, you may still qualify for the 3% down financing.

By: kate

kate — Tue, 10 Nov 2009 14:52:47 +0000

My husband and I are planning to retire in 2 years. WE live and work outside of Pittsburgh right now and very much want to move back to Florida. If I read this right we can purchase a home now while the prices are so attractive, with a homepath loan w/3% down,as an investment? WE have excellent credit (high 700′s,both of us) is this

By: Part 2 - Mortgages in Eustis, Florida | Knightlines Mortgage Services, LLC

Part 2 - Mortgages in Eustis, Florida | Knightlines Mortgage Services, LLC — Sun, 12 Jul 2009 17:17:34 +0000

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By: SHIP sets sail leaving behind $30 million | Knightlines Mortgage Services, LLC

Tue, 07 Jul 2009 04:15:56 +0000

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