HomePath Home Mortgage Loans are perfect for first-time home buyers.
HomePath Home Mortgage Loans allow borrowers 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.
HomePath Home Mortgage Loan Features & Benefits
- 3% minimum down payment
- Down Payment can come from a gift
- No monthly or upfront mortgage insurance
- No appraisal
- Expanded seller contributions for closing costs allowed
- Available for primary residences, second homes and investment properties
- This product is property specific