Whether you’re buying your first home or your second home,
the experience can be exciting, confusing, overwhelming and wonderful at
the same time. Buying a Charlotte Fannie-Mae owned home isn’t much
One of the special features of Fannie Mae-owned properties
around the Charlotte
area is that certain homes qualify for HomePath Financing. This financing is
intended to make it easier for Homebuyers to purchase a Fannie-Mae owned
home. So, if you’re looking at Fannie Mae properties, you may want to
start by applying for a HomePath Mortgage Loan from a HomePath approved lender.
Helpful facts before you get started....
Why does Fannie Mae have properties for sale?
Fannie Mae will work with their partners to help homeowners avoid foreclosures,
sometimes foreclosures are unavoidable. When they do occur on mortgages in
which Fannie Mae is the investor, their goal is to sell those properties in a
timely manner in order to minimize the impact on the neighborhood.
How does Fannie Mae sell its homes?
NC Fannie Mae HomePath Homes are listed with local Charlotte NC area real
estate professionals to prepare, maintain, and list Charlotte HomePath eligible
properties for sale.
I have to use a Realtor that specializes in Fannie Mae HomePath Homes?
You may work with any real estate sales professional to submit an offer on
Fannie Mae HomePath properties. However, Fannie Mae only accepts offers through
their real estate listing agents. Also, it’s a good idea to pick an agent who
has some experience with foreclosure sales. Your real estate agent is a great
personal resource for getting answers to as many questions as you can think of.
that Fannie Mae Home Path Homes are foreclosures are they in bad
get this question a lot and the answer is No. Surprisingly, most of them
you will find are in very good condition. Here at the Pruitt Miller Realty Group, we
specialize in foreclosures, pre-foreclosures and Bank Owned Properties. 85% of
our sales for the last 4 years were foreclosures and a good number of
them being Fannie Mae-owned HomePath properties.
We can help you every step of the way! If you would like more information
about the Fannie-Mae Home Path Downpayment Assistance Program or
would like to apply for a HomePath Mortgage Loan, please fill out the form
below. You may also call us directly at 704-965-3319 or Apply Online for an immediate response.
hope you have found this information enlightening. Thank you for visiting!