Fannie Mae HomePath Renovation Mortgage

We have discussed loan programs for home owners and renovation loans, but I have several investors that are searching for loans that will cater to their needs.  This week I had a great preliminary discussion with a local lender, Thelma Underwood of Prospect Mortgage, here in Fayetteville, NC.  We were discussing the Fannie Mae HomePath Renovation Mortgage.  This loan is available for owner-occupied primary residences, second homes and investment properties.  It would give investors the opportunity to get renovation loans if they were to purchase HomePath homes.  Contact me if you would like more information and I can also put you in contact with Thelma if you would like to speak with her about your options.