SOURCE: Informa Research Services, Inc.

Informa Research Services, Inc.

December 23, 2009 15:27 ET

Special Financing Available on Fannie Mae Homes Through HomePath® Mortgages, Says Informa Research Services

Fannie Mae Homes Eligible for Special HomePath® Mortgages

CALABASAS, CA--(Marketwire - December 23, 2009) - Special financing is available through the HomePath® Mortgage and Renovation Mortgage on properties owned by Fannie Mae in the HomePath® database. These HomePath® financing programs offer features such as low down payment, flexible mortgage terms, no mortgage insurance, and no appraisal fees. When shopping for mortgages, Informa Research Services, a subsidiary of Informa plc (LSE: INF), suggests starting online to find the best rates (http://www.monitorbankrates.com/).

The HomePath® Mortgage is available on designated Fannie Mae homes, which you can browse online at HomePath.com. This financing is available from both local and national lenders. To find the lenders with the best mortgage rates and find out more about a HomePath® Mortgage, check online.

Additionally, the HomePath® Renovation Mortgage provides special financing on the property you make your primary residence that not only funds the purchase of the home, but also assists with light renovations.

Not all of Fannie Mae's real estate owned (REO) properties are eligible for the HomePath® financing and not every lender is certified to structure this type of loan. Some lenders, such as AimLoan.com, offer competitive rates and can provide more information regarding this program.

From mortgages to certificates of deposit, the fastest way to find the best rates for your financial products is to look online at rate comparison tables like those found on MonitorBankRates.com. Since these tables are updated continuously throughout each day, they provide the most current rates available.

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About Informa Research Services, Inc. (www.informars.com)

Since 1983, Informa Research Services, Inc., has provided the financial industry's most extensive array of market research, mystery shop, and decision-support information.

Contact Information

  • Contact:
    James Royal
    Phone 818-880-8877
    Fax 818-880-2069

    26565 Agoura Road, Suite 300
    Calabasas, California 91302-1942