Fannie Mae 10% Down For Investors!

I remember the good ole days when you could buy a 4 unit building for 5% down. Ahh…that was the day. Recently you need 25% down. Now Fannie Mae has changed their regulations as a way to stimulate the economy. They have set up a program called Fannie Mae Home Path to allow investors to buy Fannie Mae properties with only 10% down. Read about this the Fannie Mae Home Path on Rob Bonahooms blog.

3 comments

#1MelanieMarch 24, 2009, 12:28 pm

I was just wondering how you keep so current in your information? I am a beginning investor and I am always looking for ways to keep up with today’s market.

#2Scott FicekMarch 24, 2009, 10:20 pm

I wish I was up to date as I could be. I think finding the good websites out there of people in the trenches is the best way.

#3mn mlsMarch 28, 2009, 10:19 am

This home path program sounds great. Thanks for sharing this Scott!

Add your comment

Nickname:

E-mail:

Website:

Comment:

Anti-Spam:

What is the sum of eight + ten ?

Other articlesgo to homepage

	What is the importance of PMI in real estate business?(0) Real estate business is a highly specialized field that has its own set of terminologies. People who are not interested in purchasing or selling properties may not be aware of the terminology. One such term is private mortgage insurance (PMI). This insurance provides protection to the lender against non-payment in case the borrower [...]

	Deposit Bridging No Money Down Investment(0) Jakob Austin from the UK writes our guest post today about different types of financing. This is very similar to our Rehab Financing that we use. If deposits aren’t available as ready cash it is advisable to be able to borrow it. Bridging is of two types open bridging and closed bridging. In open bridging, lenders [...]

	Wells Fargo Pulling Out of Investment Property Loans (somewhat)(3) Wells Fargo announced last week that they decided to take the conservative approach with some of it correspondent channels and will no longer be purchasing some non-owner occupied loans in the secondary market. All retail departments and some correspondent channels will remain unchanged. Rob Bonahoom, with Cornerstone Mortgage, reports that this change may be a [...]

	Why You Can’t Get Your Mortgage News From a Newspaper(0) OK. I admit it. I like to get a chuckle at the expense of others. Usually it is out of the stupidity of others. Just look at my list of Stupid Property Repairs! I am sure there is someone out there making fun of me, so I guess I reap what I sow. I was reading [...]

	New Home Valuation Code of Conduct(3) Effective May 1, a new law was put into place nationwide in the mortgage industry called the Home Value Code of Conduct. (HVCC). Whether we like it or not, from this point forward, loan originators are not allowed to have any communication with appraisers regarding the value of a property. This includes “comp [...]