Davenport IA real estate listings and homes for sale, home buying, home selling information – Peoples Advantage Mortgage, LLC

Chris Langel - Mortgage Originator

June 15th, 2011 5:46 PM

HomePath Mortgage allows a borrower to purchase a Fannie Mae-owned (REO) property with a low down payment, no lender-requested appraisal, and no mortgage insurance. Expanded seller contributions to closing costs are allowed.

Special Offer:

HomePath® Buyer Incentive: June 14 - October 31

Fannie Mae is currently offering buyers up to 3.5% in closing cost assistance through October 31, 2011. A $1,200 selling agent bonus is also available to selling agents who close on an owner occupant property and meet all eligibility requirements and terms and conditions.

See the Special Offers Section at www.homepath.com for terms and conditions or click the following: HomePath Special Offers

Benefits:
Low down payment.

Down payment (at least 3 percent) can be funded by the borrowers own savings or a gift.

No appraisal required!

No mortgage insurance!

No condo project approval required.

Expanded seller contributions for closing costs allowed.

Available for primary residences, second homes and investment properties.

The property must be listed on the Fannie Mae HomePath® Web Site, (a
Fannie Mae REO) to be eligible: www.homepath.com

Contact Peoples Advantage Mortgage for more information on the Fannie Mae HomePath program.

Posted by Chris Langel on June 15th, 2011 5:46 PMPost a Comment (0)

USDA

June 7th, 2011 12:17 PM

When you are shopping for a home in a rural area or a small town with a population of less than 25,000 in Iowa or Illinois the home may be eligible for 100% financing through USDA. With USDA financing there are some property and income guidelines that must be followed, but don’t let this discourage you from asking your Loan Originator at Peoples Advantage Mortgage about the program. The great thing about USDA financing is that it does not have monthly mortgage insurance, however that is about to change in fall of 2011. Contact us today to take advantage of 100% financing with no monthly mortgage insurance. Stay posted to the blog about the changes coming in the fall.

Posted by Wade Luense on June 7th, 2011 12:17 PMPost a Comment (0)

First Blog

May 17th, 2011 3:47 PM

Welcome to the Chris Langel Blog. In this blog I will update you weekly on items affecting the mortgage industry and you as a consumer. In the mortgage industry there are many items changing that affect you and the cost of the funds you borrow. Please feel free to contact me with specific questions at chris@peoplesadvantage.net.

Posted by Chris Langel on May 17th, 2011 3:47 PMPost a Comment (0)