HomePath Mortgage allows a buyer to purchase a Fannie Mae-owned property with a 5% down payment (as of November 16, 2013), no lender-requested appraisal and no mortgage insurance.

Jeff, I sent you a colleague request.

They have sent letters to tenants requesting them not to sign new lease until they meet and know what they will pay towards their rent.Was wondering if anyone with Sec. 8 tenants are seeing a cut upon renewal.

You can ask your bank as they may have affiliate banks they work with, some banking corporations are in other states.But, you loan will be from a lender nearest the property financed.It's probably a good thing to have your bank, if you have a good relationship, to contact any bank you select there an offer to send verifications, ahead of requests making contact so the lending bank has a point of contact for inquiries.

Feel free to send me a colleague request so we can have each other's contact information.

A simple way to deal with people like that is to request in writting additional information (like you did verbally) all the while continueing to show and take applications.

It's also totally legal to ask the applicant about the source of income and you may request documentation to verify it.

Three more warm leads that requested an LOI, all are beautiful properties.

I would do this for the learning experience.Since you were planning to pay them to leave, even if you don't get June rent you will be money ahead.In your shoes, I would let it ride if they don't pay as requested.

You can count on 6 to 8 months of extra time with the process and numerous stupid request.