Has anyone had success (or failure) buying rental properties using either the Fannie Mae Homepath or Freddie Mac Homesteps programs?

I found a program through Wells Fargo that will finance the purchase and rehab.

Hopefully such regulation would wipe out 80/90% of the "program gurus" and would put authors of "information" under a microscope as to the quality of information, experience and expertise of qualified counselors.

Massachusetts has a lot of different programs, including down payment assistance through forgiveable loans, etc.

I had a friend tell me earlier today about the HUD program and that it is definitely worth looking into.

11 years mortgage experience and having been a banker (lender) and broker... a knowledgeable broker get you better rates, lower fees and has more programs.

She was told to allow the house to go delinquent so she would qualify for a government program mortgage reduction.

To our knowledge the program is not mandatory.

Dodd-Frank does not require any particular underwriting method to be used, that means one does not need to select a particular program method as used in VA, FHA, Fannie Mae, Freddie Mac, USDA, or other secondary market programs.

And "good" can be defined as academically good, or it can be a school with a great sports program that everyone wants their kid in.