Santa Cruz County Home & Community Information

SANTA CRUZ HOMEPATH  LOANS

Santa Cruz Homepath loans are great loans for first time home buyers as well as investors in Santa Cruz county.  Homepath loans can only be used on Fannie Mae owned properties, so you cannot use a Homepath loan on any foreclosed home in Santa Cruz, just a Fannie Mae foreclosure.  While there are not a ton of Homepath homes for sale now, there are more and more coming on the market.  Some of my clients were able to use Homepath loans this year to buy a home in Santa Cruz with great results!

Here are some of the features of Santa Cruz Homepath loans:

The downpayment can be as low as 3% down

NO PMI – Private Mortgage Insurance – This will save you lots of money over time if you are putting less than 20% down on a home.

NO Appraisal

HomePath Loans are available for owner occupants as well as investors.

There is a HomePath Renovation Loan which is similar to an FHA 203k loan or fixer loan.  A HomePath Renovation Loan will lend funds for the purchase of the home and to fix up the home.  Homepath will lend up to $35,000 to renovate the home.

If you are a first time home buyer, read my article Santa Cruz First Time Home Buyer Assistance Programs for more info about how you can qualify to buy a home.

Contact me for more info about HomePath loans and available HomePath homes for sale and foreclosures for sale in Santa Cruz.