Showing posts with label homepath ready buyer 2015. Show all posts
Showing posts with label homepath ready buyer 2015. Show all posts

Kentucky HomePath Mortgage Loans for 2015



HomePath® is proud to launch our HomePath Ready Buyer program, a comprehensive online homebuyer education course. First Time Homebuyers who complete this education course by their initial offer may request up to 3% closing cost assistance toward the purchase of a HomePath property and reimbursement of the HomePath Ready Buyer training cost.

To be eligible for the offer: 
  • Buyers must complete the full online HomePath Ready Buyer training course on www.homepath.com and receive the Certificate of Completion.
     
  • The request for closing cost assistance must be made at initial offer in the HomePath Online Offers system on or after April 14, 2015.
     
  • Must be First Time Homebuyer (did not own a property in the past three years) and plans to reside in the property as their primary residence.
     
  • Auction, pool and investor sales are not eligible. 
Get the full details here on https://www.homepath.com/ready_buyer.html

Download the flyer

Buying a home can be a daunting process, especially for First Time Buyers. That's why HomePath is proud to bring you this homebuyer education course. If you're a First Time Homebuyer, we encourage you to take this education course to prepare you for the responsibilities of homeownership. After completing the course, if you attach the course completion certificate to an initial offer and successfully negotiate a purchase of a HomePath property, you can request up to 3% closing cost assistance toward your purchase. Restrictions apply. See full terms & conditions.
Tell me more about the training.
This course is intuitive, self-directed and interactive. The course is being used by other non-profits and lenders and exceeds both HUD standards and National Industry Standards for Homeownership Education and Counseling. The course has 9 modules with a quiz at the end and takes about 4 hours to complete. The course costs $75. After completing the course, download and save your Certificate of Completion. If you decide to purchase a HomePath property after course completion and you successfully close on a contract, the cost of the course ($75) will be reimbursed.
How do I ask for the 3% closing cost assistance?
After completing the course, you must attach the HomePath Ready Buyer course completion certificate to the initial offer submission on a HomePath property. Your Real Estate Agent must submit this at initial offer on the HomePath Online Offers system.

First-Time Homebuyers who complete this education course by their initial offer may request up to 3%* closing cost assistance toward the purchase of a HomePath property and reimbursement of the HomePath Ready Buyer training cost. To be eligible for this offer: • Buyers must complete the full online HomePath Ready Buyer training course on www.homepath.com and receive the Certificate of Completion. • The request for closing cost assistance must be made at initial offer in the HomePath Online Offers system on or after April 14, 2015. • Must be a First-Time Homebuyer (did not own a property in the past three years) and plan to reside in the property as their primary residence. • Auction, pool, and investor sales are not eligible.

Joel Lobb
Senior  Loan Officer
(NMLS#57916)

American Mortgage Solutions, Inc.
800 Stone Creek Pkwy, Ste 7,
Louisville, KY 40223

 phone: (502) 905-3708
 Fax:     (502) 327-9119

 Company ID #1364 | MB73346





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HomePath® Mortgage financing for Kentucky




Kentucky HomePath® Mortgage financing. 

Mortgage provides special financing terms exclusively for Kentucky Fannie Mae
real-estate-owned properties and can deliver distinct advantages in a down
market:

• Low down payment and flexible mortgage terms
• Available for Owner-Occupied, Second and Investment Properties
• Down payments as low as 3%
• No appraisal fees
• Properties displaying this logo are
eligible for purchase by GMAC Bank
• No Mortgage Insurance required
• Renovation Option not eligible for purchase by GMAC Bank
• Fannie Mae High Balance available in qualifying areas
• 6% Sales Concession Allowed up to 97%
• LTV Minimum Credit Score 620
Put the HomePath Mortgage program to work and grow
your business
• Offer attractive financing options on a wide array of Fannie Mae REO
properties to your current borrower base
• Provide your realty partners with a web-link to the HomePath
Mortgage-eligible properties in their area so they can offer more
options to their clients
• To see listings in your area and connect with listing agents go to


  www.homepath.com
For further information, contact





ü     Kentucky HomePath – Did you know we don’t have overlays?  
ü   Kentucky HomePath -- Did you know we allow 97% on Owner Occupied, 90% on Second Homes, and 85% on Investment Properties (all 1 unit and 660 score)
ü   Kentucky  HomePath – Did you know that the HomePath product does not require an appraisal or MI








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