HomePath
The HomePath program is a special financing program to provide financing for purchases of Fannie Mae Real Estate Owned (REO) properties (as a result of foreclosure or other similar action such as deed-in-lieu of foreclosure) that Fannie Mae has deemed eligible for HomePath Mortgage financing.
FEATURES AND BENEFITS:
- Low Down Payment
- You may qualify even if your credit is less than perfect
- Available for primary residences, second homes and investment properties
- Down payment can be funded as a gift, grant, or a loan from a nonprofit organization, state or local government employer
- No appraisal required
- No mortgage insurance required
FLEXIBLE TERMS:
- 15- and 30-year fixed rate
- Adjustable options available
ELIGIBLE PROPERTY TYPES**:
- Single Family Properties
- Planned Unit Developments (PUDs)
- Modular Homes
**Geographic and unit restrictions apply. The property must be designated on HomePath.com as eligible for HomePath financing. Programs available only to qualified borrowers. Programs subject to change without notice. Underwriting terms and conditions apply. Some restrictions may apply. HomePath is a registered trademark of Fannie Mae.
