203K World

HomePath Renovation Loan: Pros

Down payment as low as 3% (of the purchase price plus renovation amount).

ZERO mortgage insurance required.

Appraisal value based on the value of the home AFTER the renovation is complete (the so-called "Subject To" value).

Seller contribution to closing costs are allowed.

Second home and investment properties are eligible.

Renovation amount up to $35,000 or 35% of the "subject-to" appraised value.

HomePath Renovation Loan: Cons

Only applicable on Fannie Mae foreclosure properties (see www.homepath.com).

Homeowner must manage project and may not hire a project manager.

Only "light-to-moderate" renovations allowed.

The market for these homes can be very competitive. The fantastic loan terms combined with the popular location generates lots of offers.

Your "Project Coach" will walk you through the process step-by-step to determine if this loan is for you. It is the most reasonable renovation product on the market today. When you can get these terms and NOT pay mortgage insurance, it is very hard to beat.

Maryland, Washington DC, Virginia, New Jersey, Pennsylvania, Delaware
CALL US, WE CAN HELP. DIAL: 410.591.8300

MarylandDirectory.org

Partial list of areas we serve: Aspen Hill - Baltimore - Beltsville - Bethesda - Bowie - Burtonsville - Catonsville - Chevy Chase - Clarksville - Cloverly - College Park - Columbia - DC - Dundalk - Elkridge - Ellicott City - Fulton - Gaithersburg - Glen Burnie - Greenbelt - Howard County - Jessup - Kensington - Laurel - Montgomery County - North Potomac - Olney - Pikesville - Potomac - Prince George’s County - Rockville - Severn - Silver Spring - Takoma Park - Towson - Washington - Wheaton - White Oak

Partial list of Zip Codes we serve: 20001, 20002, 20003, 20004, 20005, 20006, 20007, 20008, 20009, 20010, 20011, 20012, 20013, 20015, 20016, 20017, 20018, 20019, 20020, 20022, 20023, 20024, 20026, 20027, 20029, 20030, 20032, 20033, 20035, 20036, 20037, 20038, 20039, 20040, 20041, 20042, 20043, 20044, 20045, 20046, 20047, 20049, 20050, 20051, 20052, 20053, 20055, 20056, 20057, 20058, 20059, 20060, 20061, 20062, 20063, 20064, 20065, 20066, 20067, 20068, 20069, 20070, 20071, 20073, 20074, 20075, 20076, 20077, 20078, 20080, 20081, 20082, 20088, 20090, 20091, 20097, 20098, 20109, 20201, 20206, 20355, 20370, 20500, 20522, 20701, 20704, 20705, 20707, 20708, 20709, 20715, 20716, 20717, 20718, 20719, 20720, 20721, 20722, 20723, 20724, 20725, 20726, 20759, 20810, 20811, 20813, 20814, 20815, 20816, 20817, 20818, 20824, 20825, 20827, 20830, 20832, 20833, 20837, 20838, 20839, 20841, 20847, 20848, 20849, 20850, 20851, 20852, 20853, 20854, 20855, 20857, 20859, 20860, 20861, 20862, 20866, 20868, 20871, 20872, 20874, 20875, 20876, 20877, 20878, 20879, 20880, 20882, 20883, 20884, 20885, 20886, 20889, 20891, 20892, 20894, 20895, 20897, 20898, 20899, 20901, 20902, 20903, 20904, 20905, 20906, 20907, 20908, 20910, 20911, 20912, 20913, 20914, 20915, 20916, 20918, 20993, 20997, 21013, 21019, 21020, 21022, 21023, 21027, 21030, 21031, 21036, 21041, 21042, 21043, 21044, 21045, 21046, 21051, 21052, 21053, 21057, 21060, 21061, 21062, 21064, 21065, 21071, 21075, 21076, 21082, 21087, 21090, 21092, 21093, 21094, 21111, 21117, 21120, 21125, 21128, 21131, 21133, 21136, 21139, 21146, 21152, 21153, 21155, 21156, 21162, 21163, 21201, 21202, 21203, 21204, 21205, 21206, 21207, 21208, 21209, 21210, 21211, 21212, 21213, 21214, 21215, 21216, 21217, 21218, 21219, 21220, 21221, 21222, 21223, 21224, 21225, 21227, 21228, 21229, 21230, 21231, 21233, 21234, 21235, 21236, 21237, 21239, 21241, 21244, 21250, 21251, 21252, 21260, 21261, 21263, 21264, 21265, 21270, 21273, 21274, 21275, 21278, 21279, 21280, 21281, 21282, 21283, 21284, 21285, 21286, 21287, 21288, 21289, 21290, 21297, 21298, 21713, 21737, 21738

Fannie Mae HomePath Renovation

HomePath Renovation Loan: Pros

HomePath Renovation Loan: Cons

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