What is a HomePath Loan?
HomePath is a loan program created by Fannie Mae that offers foreclosed homes directly to qualified borrowers.
- Properties must be eligible for the program, go to www.HomePath.com
- As little as 3% down payment required
- No mortgage insurance
- 620 minimum FICO score required depending on LTV
- Up to 9% credit to buyer closing cost is permitted
- Available for purchase and refinance of primary and secondary residences, and investment properties