If you have ever considered purchasing an investment property, the HomePath Mortgage program is a great program for getting started. Available on certain bank owned properties, a HomePath mortgage allows you to purchase an investment property with as little at 10% down (compared with 20%-25% with conventional financing). The program also has a higher cap on seller-paid closing costs than conventional loans, allowing you to purchase a property with less cash out of your pocket. These loans do not require an appraisal, and there is no mortgage insurance on the loan, which are available as both fixed or adjustable-rate.
Click here to view properties that are eligible for HomePath investment financing.
For more information, or to set an appointment to view one of these homes give me a call!
John Blom - Your Portland and Vancouver WA Realtor
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