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 different.
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?
While 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?
Charlotte 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.
Do I have to use a Realtor that specializes in Fannie Mae HomePath Homes?
No. 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.
Being that Fannie Mae Home Path Homes are foreclosures are they in bad condition?
We 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 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 properties.
The Pruitt-Miller Group is one of the leading real estate groups in the Charlotte NC area who specializes in Down Payment Assistance Programs.
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.
We hope you have found this information enlightening. Thank you for visiting!
