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Sep
29

Take advantage of the Las Vegas Short Sale Market….

By Kathryn Bovard

With the current interest rate hovering around the mid 4% range and the extremely aggressive pricing of the homes in the Las Vegas market, Fannie Mae has come out with a program to make home buying a no-brainer.

The program highlights of the HOME PATH Mortgage are:

*Up to 97% financing

*No MI required-pricing adjusters in lieu of Mi will apply to LTS’S greater than 80%

*Purchase transactions only

*Fixed Rates, Arms and Interest Only Arm options are available

*High Balance transactions allowed. See guidelines for specific High Balance guidelines for this program.

*No Appraisal required-use sale price as the appraisal value

And the down payment (3%) can be funded by borrower, gift, or loan. (See your mortgage lender for specific guidelines)

Considering a Las Vegas Home purchase?  Search all Las Vegas Homes for Sale using our free, interactive map-based search.

Whether buying a Las Vegas Home or renting, don’t try to go at it alone. There’s lot of resources online, and an email to a local real estate or mortgage pro can set you in the right direction.

Related posts:

  1. Las Vegas Short Sale Market Update.
  2. Will Bank of America Lawsuit Affect the Las Vegas Short Sale Market?
  3. Tips to Sell Faster in the Las Vegas Short Sale Market

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