1) Home Path (3/2010)

Introducing Fannie Mae's HomePath Mortgage

Highlights of the new product include:

1. No appraisal required - the sales price reflected on the Purchase Agreement sets value for loan purposes
   
   • The HomePath.com website must show that the property is eligible for a HomePath Mortgage
   • Note: Rate One Financial will not offer the HomePath Renovations Mortgage for properties that need renovating
2. High LTV with no mortgage insurance required - pricing adjustments apply
   
   • Standard conforming limits, $417,000 & under. (minimum 660 credit score)
   • Owner occupied to 95% LTV
   • 2nd home and non-owner occupied to 90% LTV
   • High-balance limits, $417,000 to $729,750. (minimum 700 credit score)
   • Owner occupied to 90% LTV
3. Exceptions are possible for 5-10 financed properties on investment and 2nd home (refer to guidelines for requirements)

Roma Liu - Sr. Mortgage Consultant. © All Rights Reserved.

Tel: 888-561-3700  Fax: 626-389-1908

922 East Green Street, Pasadena, CA 91106  e-mail : RomaLiu88@Gmail.com