Thirty Fannie Mae Homes Up For Grabs In Portland
Fannie Mae homes below market rate, at entry-level price points
Fannie Mae’s HomePath Database includes only properties that are owned by Fannie Mae. Currently there are 33 properties included for Portland. Roughly half of these properties are located in Portland’s southeast, followed by the northeast and northwest. There is a selection of homes, including single-family homes and condominiums (several at the John Ross Condos)– located in a variety of neighborhoods. Some of them are in good condition, others will require a fair amount of work. Price points vary from just under 100k to just under 400k.
Special financing available
Special financing is available on Fannie Mae homes. Benefits include the following:
- Low down payment and flexible mortgage terms (fixed-rate, adjustable-rate, or interest-only)
- You may qualify even if your credit is less than perfect
- Available to both owner occupiers and investors
- Down payment (at least 3 percent) can be funded by your own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer
- No mortgage insurance (some restrictions apply)
- No appraisal fees
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