Buying Fannie Mae Foreclosure Tips -

: Although properties are sold as-is, you still have the right to an inspection after an offer is accepted. Use the findings to determine if the renovation costs still make the home a good investment.

: Consider the HomeStyle Renovation loan , which allows you to bundle both the purchase price and the cost of repairs into a single mortgage, reducing the need for upfront cash for renovations. Buyer Eligibility & Requirements Requirement / Benefit Minimum Credit Score Typically 620 for a HomeReady mortgage. Down Payment As low as 3% for qualified owner-occupants. Occupancy Rule buying fannie mae foreclosure tips

For more direct assistance, you can call the HomePath Online Offers Support Center at . To help you move forward, : Although properties are sold as-is, you still