1708 Nooseneck Hill RD, Coventry RI, 02816
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.
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.
86 Hancock DR, North Kingstown RI, 02852
When guests first pull up to your home, they take a visual survey of the property that they are entering. While they are excited to see you, they also want to feel at home in your space while they’re visiting. Below, you’ll find some ways to make your home one of the most welcoming on the whole block from the outside.
There shouldn’t be any type of clutter on your front lawn. Clutter is a broad term. This can include hoses, lawn ornaments, toys, and other household items. You don’t want your front yard to become a catchall for everything that’s outdoor maintenance. These items should be put away in a garage or towards the side yard. Everything needs a proper place. Any of these items should be out of sight from the front view of your home.
Make The Entrance Welcoming
If you have some kind of a structure near your entryway, the home looks much more welcoming. This could include a covering over your front doorstep, a trellis, an arbor, or pergola. This helps to clearly define the main entrance and give the home an inviting feel.
Keep It Well Lit
The entryways to your home should all be well illuminated. Anyone entering the home at night should be able to see a clear path to the doorways. For decorative purposes, you should also try and highlight the features of your home that you like best such as statues or artful shrubbery.
Add a few planters to the front of your home. You can use large pots for a dramatic effect, or you can use several smaller planters such as windows boxes to really fill in the front of your home with greenery. For best results, vary the sizes of the containers that you choose to bring the eyes of those viewing the front of your home to several key focal points.
Fix It Up
You should fix up the front of your home and leave it looking flawless. This will include repairing siding, retouching peeling paint, updating hardware, power washing the home, replacing lighting fixtures, and more. Even replacing or painting your front door and accompanying fixtures can bring on a brightening effect to your home.
Clean Up The Driveway And Walkways
Few parts of our homes are as neglected as the driveway is. To bring about a great first impression of your home, patch up holes and dips in the asphalt. Even out the terrain if you have the resources to do so. Give the driveway a good cleanup including a sweep and a hose down. Your walkways should be cleared of debris and patched up as necessary as well. These little touches can make a big difference in the impression your home gives.