Posted: 7/20/2012 5:27:38 AM EDT
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Hi Rowdy Yankee,
Good to hear from you. We have Flagstar as our main source for Harps, but they only do the approve/eligible fannie maes. We have to broker all freddies and any fannies that get an expanded approval. I have a friend at Impac, and he says they do all of their Harps in house. Darcy-I can understand the having to educate your realtor bit. I sometimes have realtor presentations about Homepath or other programs to educate them, and most sit there with a deer in the headlight expression. The few who get it, become really excited about the Homepath for the real estate investor. Low down payment, no mortgage insurance, and no appraisal. Furthermore, the seller will pay 2% of the purchase price towards the invesors closing costs if they ask. |