If you’re looking to buy a new home you may have noticed in the description that a home may qualify for FannieMae HomePath Financing.

Many buyers and real estate professionals are unaware of this unique financing option and not all lenders offer it. In Fort Collins there are only a couple of lenders able to provide this financing and Prospect Mortgage is one of them.

Below are a few benefits of the program.

• Low down payment and flexible mortgage terms (fixed-rate, adjustable-rate, or interest-only)
• You may qualify even if your credit is less than perfect
• Available to both owner occupiers and investors
• Down payment (at least 3 percent) can be funded by your own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer
• No mortgage insurance*
• No appraisal fees
• Competitive rates, when priced against FHA the payment and benefits are better.

If you’d like more information please don’t hesitate to give Catherine Eusea of Prospect Mortgage a call. Catherine can be reached at 970-223-5009 or 720-300-6777.