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The AmeriFirst Home Buyer Learning Center

6 Reasons You Should Avoid a HomePath Renovation Mortgage [humor] UPDATE

Posted by Dan Moyle on Tue, Dec 15, 2015

*UPDATE: Fannie Mae has discontinued HomePath Financing.

Download our Mortgage Loan Options Guide here, and find out what loan programs are still available to you.

Original article: With a ton of home mortgage programs available to home buyers, it's important to know which ones to avoid, and which mortgages are good. For instance, "stated income stated asset" mortgages are one of the programs blamed for much of the mortgage mess the U.S. is dealing with right now. On the flip side, Rural Development loans backed by the USDA offer 100-percent financing (no down payment) and have a lower default rate than loan programs which require a 3-percent down payment. So an RD loan can be a great loan for first time home buyers.

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Topics: renovation mortgage, HomePath Mortgage, humor

HomePath Loans Still Exist: Fannie Mae Announces Closing Cost Assistance

Posted by Dan Moyle on Wed, Apr 22, 2015

When we announced Fannie Mae to Discontinue HomePath Mortgage: What's Next for Home Buyers? ... we knew that the HomePath idea would stick around. It's a good way for Fannie Mae to help hopeful home buyers find properties at likely-reduced prices, which is good for Fannie Mae and buyers alike. 

What's interesting, and maybe a little surprising for some, is that Fannie Mae continues to put resources toward HomePath.

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Topics: renovation mortgage, HomePath Mortgage

Fannie Mae to Discontinue HomePath Mortgage: What's Next for Home Buyers?

Posted by Dan Moyle on Tue, Aug 12, 2014

For an official word on the disconinuation of Fannie Mae's HomePath financing and what it means for AmeriFirst Home Mortgage borrowers, please read this: HomePath Discontinued

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Topics: HomeStyle Renovation, mortgage loan options, HomePath Mortgage, video

Financing Your Dream Home | 60 Second Mortgage Tips

Posted by Dan Moyle on Tue, Jun 17, 2014

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Topics: HomeStyle Renovation, FHA 203k, renovation mortgage, HomePath Mortgage, video, :60 Mortgage Tip

What Happens When the Home You Want to Buy Has Mold?

Posted by Dan Moyle on Fri, Apr 11, 2014

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Topics: FHA 203k, renovation mortgage, HomePath Mortgage

Special Announcement: Fannie Mae Offers Incentive on HomePath Homes

Posted by Dan Moyle on Thu, Mar 6, 2014

Special Update: Fannie Mae has now extended the offer period through April 30 for transactions closing by June 30.

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Topics: HomeStyle Renovation, HomePath Mortgage

HomeStyle Renovation vs HomePath Renovation

Posted by Dan Moyle on Wed, Jan 29, 2014

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Topics: HomeStyle Renovation, renovation mortgage, HomePath Mortgage, video

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Down payment and terms shown are for informational purposes only and are not intended as an advertisement or commitment to lend.  Please contact us for an exact quote and for more information on fees and terms.  Not all borrowers will qualify.
 
AmeriFirst Home Mortgage is a division of AmeriFirst Financial Corporation. 950 Trade Centre Way Suite 400 Kalamazoo, MI 269.324.4240 Equal housing lender
 

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