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Updated over 14 years ago on . Most recent reply

Joe Smith's profile image
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Joe Smith
  • Member since Oct 23, 2009
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Joe Smith
  • Member since Oct 23, 2009
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Joe Smith
1
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9
Posts
Private Lending & Conventional Mortgage Advice

Homepath Mortgage Lenders - investment property purchase experiences?

Joe Smith
Posted

Looking for any feedback - positive or negative - on dealing with mortgage lenders for Fannie's Homepath program for investors.

Has anyone purchased an investment property through Homepath? Any lenders you'd recommend or stay away from next time? Any input is appreciated.

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Robin Grimes's profile image
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Robin Grimes
  • Real Estate Investor
  • from Houston, TX
  • Member since Jul 28, 2010
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Robin Grimes's profile image
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Robin Grimes
  • Real Estate Investor
  • from Houston, TX
  • Member since Jul 28, 2010
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Robin Grimes
  • Real Estate Investor
  • Houston, TX
326
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Robin Grimes
  • Real Estate Investor
  • Houston, TX
Replied

I closed on a Homepath loan in August. It was a really good buy but I had to put 15% down. HomePath changed requirements in August. 3% OO, 10% 2nd Home, 15% Investors. The process was not bad at all. Paid 1.5 points for a rate of 5.25. No PMI, No Appraisal. I did have to buy a survey though.

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