Fannie Mae Offers New HomePath REO Loan

Jan. 22, 2009 - PRLog -- Fannie Mae, the agency sponsored by the U.S. government to help make housing more affordable to all Americans, now offers HomePath, a special new home loan to finance the sale of its current reale-state owned (REO) properties across the country.

Metrocities Mortgage is among a select group of mortgage lenders nationwide who can offer the HomePath loan to get you into one of these homes!

Here are the key benefits of a HomePath Mortgage Loan:
 • Only 3% down required on a primary residence property
 • No mortgage insurance required
 • No property appraisal required
 • Only 10% down on 1-2 unit investment properties
 • Get up to 6% in seller concessions on primary residence properties

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