HomePath is a special program designed to sell Fannie Mae owned homes. Some of the incentives are: low down payment as low as 3.5% and no mortgage insurance requirement. FICO scores as low as 660 are acceptable. Homepath also has a program that loans up to $35,000 or 35% of purchase price to do renovations.
Filed under: Home Buyers, HomePath, Mortgage Assistance, Mortgages | Tagged: 3.5% closing costs, Fannie Mae, Homepath | 1 Comment »