Home Path Special Financing

There is a special loan program available for Fannie Mae foreclosure homes. You can find these homes on the Fannie website, http://www.fanniemae.com/ . There are hundreds of homes listed on the site. Towne Mortgage of the Carolinas handles the HomePath financing without the rehabilitation loan. The highlight of this loan program is there is only  3% down required and there is no mortgage insurance required. There is also an investor program that allows for 15% down and no mortgage insurance for investors. No appraisal is required either. This isn't for everyone but it might fit your buyer.