“At your foreclosure seminar you mentioned some special financing on Fannie Mae foreclosures. Can you give me that info again?”
Answer:
Happy to.
On some FNMA-owned foreclosure properties, they’re offering very attractive financing:
- 3% down to owner-occupants
- 10% down to investors
- No appraisal or appraisal cost
- No mortgage insurance cost
- Flexibility on less-than-perfect credit
- Renovation loans for homes that need repair
This is about the best financing out there, especially the zero mortgage insurance cost and the 10% down to investors—you’re looking at 20-30% down for investors everywhere else.
To find out which homes have this incredible financing, call my office at (858)457-KENT.
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