HomePath AZ

Hi there,

I spent hours on line reading about awful experiences with Fannie Mae/Homepath properties. Features any person had a positive knowledge?

We're looking into purchasing one throughout the next week or so. I'd love to hear somebody say it exercised well for all of them.

If it matters, we are making use of our very own standard financing and never buying as an investment. This will be our residence.

We will be setting up the provide. Your house is being conducted industry after the week.

Thanks

If any person is after along; great up to now. Our offer had been excepted without issue. We indication PS the next day.

Congrats Needhome123!

Your experience sounds lots smoother than mine. I am at this time under contract on a Fannie Mae property since final Friday. Our company is nevertheless waiting on Fannie to sign the contract. Took united states about 5 months 4 offers and 4 highest and greatest rounds to make it to this time. It has been really stressful. The house requires a lot of work but we're worked up about it and hopeful that most is certainly going well from right here. We now have our evaluation coming up on Friday. All the best and I also will be after your experience right here.

We bought a good investment property last year through homepath. At that time they nonetheless had home financing program enabling just 10% down payment without PMI. For owner occupancy, i believe it had been 5percent deposit with no PMI. No appraisal ended up being necessary. My very first offer had been refused without the counter. We submitted another offer which was only a little greater plus it was acknowledged. Contract had an inspection and finance contingency and Fannie Mae executed about days after I finalized. We did have an inspection done about seven days following the agreement had been finalized and it also revealed two things but nothing major we didn't already fully know about. The house was offered as-is and we also invest cash to repair it up. We utilized an out-of-state mortgage company that supplied the homepath mortgage and the loan closed in thirty days. Incorporating within the cash we added to fix the house, the worth raised about 10per cent in a single 12 months.

In every I'd a beneficial experience. But it does appear that homepath domiciles in my own area is at first overpriced. The only I purchased had an amount reduction after sitting on the market for 2-3 months. If the residential property does not require much work then your price is probably market. Usually I would wait for the price to-be paid down.