Pure wholesale lender Homepoint will provide a $500 credit on appraisal costs for borrowers buying primary homes that are designated as Fannie Mae HomePath properties, the company announced on Monday.
This is the second initiative to be launched by Homepoint this year to reduce costs for borrowers who use the Ann Arbor, Michigan-based company. In August, Homepoint began offering a 75 basis point pricing bonus for conforming conventional loans in specified ZIP codes in 20 states where a high percentage of loans are originated to people below the area median income.
The new $500 credit initiative, which has details ⇒
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