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HomePath Financing Helps First-Time Home Buyers, Second Home Buyers and Investors

If you’ve been looking for a financing program to buy a foreclosure, short sale, or regular sale single-family home or condo property, here’s a loan program for you! This is available for first-time home buyers as well as second home buyers and investors!

Financing Details

Once you speak with Juliette, or your favorite Hawaii Licensed Lender, and get yourself pre-qualified (the lender will ask you questions over the phone about income, assets, expenses, financial condition, etc.), we can move forward and start looking at single family homes or condos in the range that you qualify for (this is the exciting part)! 

Once you find your place to call home, we will submit the pre-qualification letter with your offer, so that the lender is involved in the home buying process from the beginning. The lender makes sure the property fits the loan you are qualified for, and will double-check to make sure you are getting a mortgage that you can feel comfortable with, in a home that is safe, insurable, and within your means.

If you’d like more information on mortgage lenders, and how to purchase a home in Hawaii, give me a call! I’d be happy to walk you through the process, and help you find your island dream home, too! Keep in touch anytime I can help!

Blessings & Aloha~

Claire K. Bajo, RS, SRES
808-756-4874
claire@hawaiilife.com

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Sharon Gerber, Senior Loan Officer

June 15, 2012

Agreed, HomePath loans are a great product. Especially when dealing with condos, no appraisal, no condo docs or approval.

Sharon Gerber, Senior Loan Officer

June 15, 2012

Agreed, HomePath loans are a great product. Especially when dealing with condos, no appraisal, no condo docs or approval.

Claire K. Bajo RS SRES

June 15, 2012

Awesome Sharon! Thank you for sharing & helping everyone who is looking to buy an affordable piece of Hawaii!

Claire K. Bajo RS SRES

June 15, 2012

Awesome Sharon! Thank you for sharing & helping everyone who is looking to buy an affordable piece of Hawaii!

Shaylyn Kimura, R(S)

June 15, 2012

Thank you so much for information, Claire. This is definitely worth looking into, especially for first-time buyers. Once again, another awesome blog post!

Claire K. Bajo RS SRES

June 16, 2012

Aloha Shaylyn! What’s great is that this program may work for second home buyers and people wanting to invest too! As long as the property is registered on the http://www.Homepath.com website, it qualifies for the loan~ Nice for our buyers to have more financing options available! Blessings to you Shaylyn!

Shaylyn Kimura, R(S)

June 15, 2012

Thank you so much for information, Claire. This is definitely worth looking into, especially for first-time buyers. Once again, another awesome blog post!

Claire K. Bajo RS SRES

June 16, 2012

Aloha Shaylyn! What’s great is that this program may work for second home buyers and people wanting to invest too! As long as the property is registered on the http://www.Homepath.com website, it qualifies for the loan~ Nice for our buyers to have more financing options available! Blessings to you Shaylyn!

Cate McCann Fleming

June 20, 2012

Ditto…thanks for sharing. Its hard to keep track of the market changes and loans available, especially with government regulations adjusting to those market changes. Do you have any idea how many homes/condos in Hawaii have Fannie Mae mortgages, which I understand they must be in order to qualify? And do these HomePath loans have low down payment options? Great information, thanks again for sharing!

Cate McCann Fleming

June 20, 2012

Ditto…thanks for sharing. Its hard to keep track of the market changes and loans available, especially with government regulations adjusting to those market changes. Do you have any idea how many homes/condos in Hawaii have Fannie Mae mortgages, which I understand they must be in order to qualify? And do these HomePath loans have low down payment options? Great information, thanks again for sharing!

Claire K. Bajo RS SRES

June 20, 2012

Aloha Cate, Thank you for mentioning it! I checked the http://www.HomePath.com website, and currently there are only 6 Homes and Condos in West Hawaii on the Big Island, and all of them are in escrow except one unit at Na Hale o Keauhou, listed at $389,900 which shows that there may be an online offer pending. You will need to check each zip code for properties available in specific areas. Lender Juliette sent me more information on the down payment which I will post here, but I guess the inventory is limited because of the amount of loans that were with FannieMae. In any case, it does help to have some type of incentive for the properties that FannieMae is offering, but because of their low prices, your clients must act fast! Here’s more info, and thanks for the questions Cate! Hope this helps!

Fannie Mae’s HomePath Program
Be Sure to Check Out This Great Opportunity

I want to make sure you know about a great program that’s available to homebuyers around the country. When foreclosures occur on Fannie Mae-owned properties, Fannie Mae hopes to sell those properties quickly so the community isn’t impacted too greatly. These properties are known as HomePath properties, and there are some great incentives in purchasing them. Highlights include:

97% conventional financing
3% down payment can be gifted/grant funds
No appraisal (sale price = value)
No PMI
6% seller concession allowable over 90%
Investment property allows for higher LTVs
90% – 1 unit
80% – 2 unit
75% – 3-4 unit OR if financing properties 5-10
Renovation program allows for same flexibility as standard purchase program
The bottom line is that HomePath properties offer flexibility and opportunities to save some money. So, it may be worth your time to take a look at them.

Buying a home is a big decision, but even in today’s markets great opportunities are available. If you want to learn more about HomePath opportunities in your area, call or email me anytime. I’m always happy to answer any questions you may have.

Sincerely,
Juliette E. Brossard
Guild Mortgage
jbrossard@guildmortgage.net

Equal Housing Lender; This information is subject to change without notice. NMLS Company ID: 3274; Branch 240838; Individual NMLS #340020. This branch in licensed to lend in Hawaii and California; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice, or a commitment to lend.

Juliette E. Brossard
Guild Mortgage
609 Kailua Road Suite 200
Kailua, HI 96734

Claire K. Bajo RS SRES

June 20, 2012

Aloha Cate, Thank you for mentioning it! I checked the http://www.HomePath.com website, and currently there are only 6 Homes and Condos in West Hawaii on the Big Island, and all of them are in escrow except one unit at Na Hale o Keauhou, listed at $389,900 which shows that there may be an online offer pending. You will need to check each zip code for properties available in specific areas. Lender Juliette sent me more information on the down payment which I will post here, but I guess the inventory is limited because of the amount of loans that were with FannieMae. In any case, it does help to have some type of incentive for the properties that FannieMae is offering, but because of their low prices, your clients must act fast! Here’s more info, and thanks for the questions Cate! Hope this helps!

Fannie Mae’s HomePath Program
Be Sure to Check Out This Great Opportunity

I want to make sure you know about a great program that’s available to homebuyers around the country. When foreclosures occur on Fannie Mae-owned properties, Fannie Mae hopes to sell those properties quickly so the community isn’t impacted too greatly. These properties are known as HomePath properties, and there are some great incentives in purchasing them. Highlights include:

97% conventional financing
3% down payment can be gifted/grant funds
No appraisal (sale price = value)
No PMI
6% seller concession allowable over 90%
Investment property allows for higher LTVs
90% – 1 unit
80% – 2 unit
75% – 3-4 unit OR if financing properties 5-10
Renovation program allows for same flexibility as standard purchase program
The bottom line is that HomePath properties offer flexibility and opportunities to save some money. So, it may be worth your time to take a look at them.

Buying a home is a big decision, but even in today’s markets great opportunities are available. If you want to learn more about HomePath opportunities in your area, call or email me anytime. I’m always happy to answer any questions you may have.

Sincerely,
Juliette E. Brossard
Guild Mortgage
jbrossard@guildmortgage.net

Equal Housing Lender; This information is subject to change without notice. NMLS Company ID: 3274; Branch 240838; Individual NMLS #340020. This branch in licensed to lend in Hawaii and California; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice, or a commitment to lend.

Juliette E. Brossard
Guild Mortgage
609 Kailua Road Suite 200
Kailua, HI 96734

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