Do you want to take advantage of purchasing a Fannie Mae-owned property?
Does 5% down, with no mortgage insurance sound like a great family/housing investment?
With the 2008 housing crisis, many defaulted home loans ended up owned by Fannie Mae. The HomePath mortgage allows home buyers and investors to purchase move-in ready Fannie Mae owned properties, lowering housing inventory, while providing long term perks for new owners. A few popular benefits with this program include a minimal 5% down payment, and no mortgage insurance. There are no restrictions on who can finance this loan, so you can pick your favorite lender to help you through the entire process.