A HomePath bargain in Buffalo Grove?

The just-listed 4-bedroom, 2 ½ bath home at 154 Lilac Ln in Buffalo Grove appears to be worth a closer look. The home last sold for $385,000 in March of 2006 and is currently offered at $263,100 under FNMA’s HomePath program.

The home is in the Stevenson High School district, which ranks 10th on the Sun-Times list of Illinois’ top high schools.

In the Video, Steve Klein of the DK Home Team outlines the HomePath program. HomePath gives owner-occupants a 15-day window to purchase the properties before investors are allowed to bid on them. No appraisal is required, and owner-occupants can purchase with as little as 3% down and no PMI (private mortgage insurance).

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