What is HomePath Mortgage?

 HomePath Mortgage allows a borrower to purchase a Fannie Mae-owned property with a low down payment, flexible mortgage terms, no lender-requested appraisal and no mortgage insurance. Expanded seller contributions to closing costs are allowed.


Benefits to the Borrower:

• Low down payment and flexible mortgage terms (fixed–rate, adjustable rate, or interest–only).

• Down payment (at least 3 percent) can be funded by the borrower’s own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer.

• No lender-requested appraisal.

• No mortgage insurance; ask your lender for cost details on loans without mortgage insurance.

• Expanded seller contributions for closing costs allowed.

• Available for primary residences, second homes and investment properties.

• Many condo project requirements are waived

Contact us today for a FREE guide to HomePath Mortgage.