I would say that 80% of the homes listed under $200k in Vancouver are either short sale or bank owned properties. In the listing comments, I was seeing that homes were eligible for The HomePath Financing Program. I was not familiar with it but now I have the scoop, compliments of Mike Popnoe of Strategy 7. Definitely worth taking a look at for both owner occupiers’ and investors in Vancouver and/or Portland.
Here are the basics of the program:
- 95% Financing for Primary Homes
- 90% Financing for Investment and Second Homes
- No Mortgage Insurance
- No appraisal Required
- 6% seller concessions allowed
This is amazing deal! This offer is eligible for certain properties that are Fannie Mae owned. Click here to start your search on the HomePath website.
If you locate a property you will first, want to speak to your trusted mortgage broker to confirm the property is in the system and eligible. Second, call me to make an appointment to view the inside.
If you are in need of a mortgage broker, I highly recommend Mike Popnoe. Here is his contact information, or call me with further questions.
Mike Popnoe | P: 503-448-1818 | mike@strat-e-gy7.com | www.strat-e-gy7.com
