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Updated over 14 years ago on . Most recent reply

Grant S.'s profile image
Grant S.'s profile image
Grant S.
  • Investor
  • from Wichita, KS
  • Member since Jan 7, 2012

User Stats

20
Posts
1
Votes
Grant S.'s profile image
Grant S.'s profile image
Grant S.
  • Investor
  • from Wichita, KS
  • Member since Jan 7, 2012
Grant S.
  • Investor
  • Wichita, KS
1
Votes |
20
Posts
Foreclosures

HomePath Investor Financing - Minimums

Grant S.
  • Investor
  • Wichita, KS
Posted

I got a call back today from a HomePath Mortgage Company on a property I am interested in. It is a 2/1 that is currently listed at $22.5k. The Loan Officer I spoke with told me that a HomePath Mortgage wasn't an option because they won't do a loan on anything under $40k and that is much better than the $100k limit that most of the other HomePath lenders are currently working with on NOO properties. Is this bogus information or is he correct?

Thanks!

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