Are there any mortgage programs that do not require an Appraisal?

Yes. The HomePath Financing Program does not require an appraisal.  
This program also:

• does not require any upfront or monthly mortgage insurance 
• Low down payment - only 3% down for owner occupants, 10% down for second homeowners and investors
• Flexible Loan terms (Fixed rate, Adjustable rate and interest only options)
• Low Down payment can be funded by your own savings, a gift, a grant, or a loan from a non profit organization, state or local government, or employer
• Fist Time Home Buyers qualify for owner occupied only
• Interested party contributions, such as by the seller towards buyers closing costs and prepaids can be up to 6% on primary and second homes or 2% on investment properties
• Your credit does not have to be perfect to qualify for this program.   

This program is designed for Fannie Mae foreclosures and you can locate properties in Arizona that are eligible for this program at www.homepath.com

You can see if you qualify for this Phoenix home loan program by calling 602 993-0000 begin_of_the_skype_highlighting            602 993-0000      end_of_the_skype_highlighting or apply online.