Looking for a property for under $50k?

There are a lot of single family homes as well as condos on the market now for under $50k.  Fannie Mae has a program called Homepath that can help.  It's only for homes that Fannie Mae owns and it’s for homes of all prices not just those under $50k.  Go to www.homepath.com and put in your desired zip code and price range and there are many properties that qualify.  You can also get more information about the Homepath program.  Then, you can contact

Joey Parisi

at Champion Mortgage who can help you with the mortgage.  Of course, I'd appreciate you calling "Yours Truly" to write the offer.  Joey's phone is 818-742-3404 and his e-mail is joparisi@prospectmtg.com. 

Freddie Mac has their own program called Homesteps.  In many ways it works the same way.  Go to http://www.homesteps.com/ for more information.  These are both great ways to get a property directly from Fannie or Freddie and from what I’ve seen a good prices.  You can contact Shelley Wiggins at (480) 348-3123 shelley.wiggins@ncmc.com for Homesteps help.  This may be your only way to finance a home under $50k and it may be some of the best deals on the market at any value.  If you find a way to find better prices for the average buyer, please let me know.