Kwee Huset | Venice Real Estate, North Port Real Estate, Englewood Real Estate, Ospry Real Estate


You may see homes listed as in a search for a home that are denoted as a “Homepath property.” You may wonder what this means and if you’re even eligible to buy the property. It is a specialized program, so you’ll want to be informed on what it means to use it and what the process is. 


Fannie Mae Programs


What was formerly known as a Homepath property is now known as The Home Ready Mortgage by Fannie Mae. With the Homepath program, people are able to find and purchase homes with a bit more ease and less financial risk. If you’re buying your first home, this could be the perfect way to get it. This program offers a list of foreclosed properties with really good deals on them. Repeat buyers can also find some great deals through this program, so it has something for everyone. It has so many benefits for anyone who is looking to buy a home.     



How To Get A Homepath Property


Fanie Mae does require that you place a bid through a realtor. The program is designed for buyers to better understand the risks with buying foreclosed homes, while giving them a better opportunity to purchase a foreclosed home. Since foreclosed homes are sold as-is, there’s a risk that the home actually has some serious damage that needs to be repaired at a high cost. This is where a realtor comes in, as they can help buyers to understand ho much work a property may need and the exact risks involved.  


Low Down Payment


  Even if a home through the Homepath program requires extensive repairs, it’s not an opportunity that you should should shoot down right away. Unlike traditional mortgages where you’ll typically need 20% down to purchase, Fannie Mae only requires that buyers place as little as 3% down. This means that with the low cost of the available homes and the small down payment required, buyers can save thousands of dollars in total. Of course, this savings can help buyers to make the required repairs to the home. 


Eligibility Requirements


There’s not many stringent requirements to be eligible to buy a Homepath property. Most people actually can be found to be eligible for these purchases. The biggest requirement is that before buyers reach the closing table, they’ll need to take an education course. This allows buyers to get assistance with the closing costs.  


Learn More About Homepath


If you’re looking to buy a home at a low cost, you should definitely talk to your realtor about the Homepath program. They can also explain more about specific eligibility requirements. It’s easy to make use of this program, so start saving right now and search for a Homepath property.


You've found the home of your dreams, can afford the regular mortgage payments and even accounted for your closing costs, too. Clearly, you're in a great position to cover the costs associated with your home consistently, right? Even the most diligent homebuyer may encounter unforeseen costs along the way. Fortunately, we're here to help you prepare for these miscellaneous expenses. Here's a closer look at three miscellaneous homebuyer costs that you'll need to consider before you purchase a residence: 1. Homeowners Association Fees Planning to move into a condo? You'll want to find out what the homeowners association (HOA) fees are before you close on your residence, as these costs can add up quickly. HOA expenses usually cover the costs associated with keeping your lawn clean and looking great, clearing snow from roads and driveways in winter and other condo community costs. As such, these fees may wind up costing you several hundred dollars each month – a hefty sum that every condo owner needs to know about. To find out if HOA fees will affect your monthly budget, be sure to consult with your real estate agent. This professional should be able to get in touch with a HOA and determine exactly how much you'll need to add to your budget each month to account for these costs. 2. Unexpected Income Changes Your income may change over the life of your mortgage, and as such, you should try to plan accordingly. For example, consider what may happen if your full-time work schedule is reduced to part-time hours. This may prove to be exceedingly difficult, particularly if you don't have a Plan B in place to pay your mortgage. When it comes to potential income changes, it always is better to err on the side of caution. And a homeowner who has an emergency fund in place may be able to cover regular mortgage costs even if his or her everyday wages are reduced. 3. Emergency Medical Bills Unfortunately, medical emergencies can arise without notice and wreak havoc on a homeowner's budget. But even though these emergencies can put a financial strain on a homeowner, this homeowner still will be responsible for making regular mortgage payments. Emergency medical bills, like unexpected income changes, should be accounted for as part of an emergency fund. Furthermore, homeowners who contribute to this fund monthly can accumulate finances that will be readily available in even the worst-case scenarios. Buying a home requires a significant financial investment, but homebuyers who prepare accordingly will be able to ensure that they can manage any financial hardships that could come their way. No homebuyer wants to consider financial hardships, but working with a resourceful and intelligent real estate agent may help you prepare for the worst. This real estate professional may be able to offer guidance and tips to help you budget for your new residence and ensure that you'll be prepared for any emergencies as well. Plan for your new home purchase as much as you can, and ultimately, you'll be better equipped to make regular mortgage payments and manage any financial hardships along the way.

3644 WOODBRIDGE AVE, NORTH PORT, FL 34287  

$225,000
Price
3
Bedrooms
2
Baths
Beautiful home with 24 feet by 13 feet pool for you to enjoy & relax. Home sit on double lots in a quiet neighborhood with larger & newer homes with city water. Bright and open, split floor plan comfortable home with space for entertainment. Large master bedroom with 2 walk in closets and bathroom with dual sink. Huge fenced in backyard with trees for your pet(s) to run around and rooms for your gardening.


Choosing a front door color for your home can be a difficult feat. While the exterior color of your home is a big decision, it’s often the accents that go along with the base that is an even bigger debate in one’s mind. Typically, your front door will be a different color than the rest of the home. It may seem like a bold decision to have the color of your front door “pop” out from the rest of the home. It’s not that much of a stretch to pick an odd color for the front door. When you pick the right shade, your home will stand out in a good way. The key is in picking a shade that contrasts well with the main color of your home. Here’s some thoughts on the colors that may make the perfect front door hue: Green Green is a perfect color that is relevant the whole year through. From the brightness of spring to the dark of winter, it’s difficult to go wrong with green. There’s many, many different shades of green from celery green to forest, there’s sure to be a shade that will go well with your house. Green shades pair well with grays, blues, browns and tans. Blue Blue is another color with endless shades. The problem with a light blue door is that it wouldn’t stand out very well from the rest of your home. If you decide that blue will go best as a front door color on your home, go for a darker version. It will make a dramatic statement. White If your home is a darker color, white could be a great color for you to paint your door. While white seems kind of boring, it will certainly stand out if your home’s main color is a darker red, blue, or even a gray. Red Red is a bold color for a front door. If your house is a shade of tan or gray, red may be just the color your front door needs. Red is certainly a color that provides a warm welcome to everyone who comes through the door! Yellow Yellow is another bold, stand-out color that you can paint your front door. Yellow pairs well with many grays and shades of tan and white. This bold color will pop out just enough to make your front door give off a sunny vibe for a warm welcome. Whether you want your home to give off a formal vibe or a more relaxed one, there’s a color for your front door. Remember that your front door is only one piece of what gives your home the curb appeal you’re looking for.

Comfortable 4 bedrooms & 2 bathrooms modular home. Enjoy healthy living on 2.49 acres in the country surrounded by expensive tropical fruit trees. No deed restriction. No HOA fee. Property needs some works & being sold "As Is". Spectacular home site with the option for development. Potential future land use in a RP-2 Planned Village. Minutes to Wal-Mart & Public shopping, new homes built by Lennar & KB Home are close by.

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