HomePath Mortgage allows a buyer to purchase a Fannie Mae-owned property with a low down payment, no lender-required appraisal and no mortgage insurance*. Expanded seller contributions towards closing costs are allowed. Available for owner occupants and investors.
Benefits of HomePath Mortgage:
- 3% down option that can be gifted from a close blood relative (owner-occupant only)
- Flexible mortgage terms with fixed rate options
- You can have as low as a 660 credit score
- You can get financing as an investor with 10% down
- No appraisal required
- No mortgage insurance*
Please visit www.HomePath.com to locate eligible properties.
HomePath is a registered trademark of Fannie Mae
*Ask about cost details on loans without mortgage insurance.