Fannie Mae Homepath Financing In California is a post from: FHA,VA and Conventional Home Loans in all 50 States

There is a special loan available for properties taken back in foreclosure and currently owned by Fannie Mae.  This financing is called Homepath Financing.  It is only available on Fannie Mae owned properties.  Below are some benefits:

• As low as 3% down payment
• Homepath mortgages do not have mortgage insurance
• No Appraisal required
• No condo documentation required
• As little as 10% down for investment properties and 2nd homes though Homepath financing

The above attributes of Fannie Mae Homepath financing can make it an easier loan to obtain than FHA or standard conventional.  Especially with a condo.  FHA and standard conventional loans will require lot’s of documentation and standard swhen it comes to condo financing, Fannie Mae Homepath does not require any of that.  Also, if there are issues with the condition of a property, it can make it difficult to get financing with FHA and standard conventional loans that require appraisals.  Homepath financing does not require an appraisal so these issues are avoided.

It will be usually noted in the MLS listing if a property is Homepath eligible.  Ask your Realtor to help you find Homepath eligible properties.

If you have any questions about getting a Fannie Mae Homepath loan, don’t hesitate to call at 858-922-7899 or email homeloan8@gmail.com.

Best Regards,

Rob Chomentowski

858-922-7899, homeloan8@gmail.com

Sr. Loan Officer

 

 

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