What are the advantages of a special HomePath mortgage?
- 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%) 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 (check with loan officers on the cost)
- No appraisal fees
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