HomePath Investor Financing - Minimums
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!