Finance Your Home with HomePath through Fannie Mae
Looking for financing? Many Fannie Mae-owned properties qualify for HomePath financing, which offers great buyer benefits — low down payment, flexible mortgage terms, no mortgage insurance requirement, and more.
Making it Easier to Finance Your Home.
HomePath financing, available only on Fannie Mae-owned properties, offers great benefits — low down payment, no mortgage insurance, expanded seller contributions, and more. HomePath Mortgage is available for move-in ready properties for both owner occupants and investors — a limited number of HomePath lenders also now offer HomePath Mortgage for the LLC borrower. The HomePath Renovation Mortgage provides both the funds to purchase and to renovate in one loan. You also can use the financing of your choice from any lender, such as your local bank, credit union or other financial institution.
Benefits to You, the Buyer
- No lender-requested appraisal
- Low down payment — at least 3 percent can be funded by your own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer.
- Flexible mortgage terms (fixed-rate, adjustable rate, or interest-only)
- No mortgage insurance; ask your lender for cost details on loans without mortgage insurance.
- Expanded seller contributions for closing costs.
- Available for primary residences, second homes and investment properties.
- Many condo project requirements are waived; ask your lender for details.
Properties with this logo are eligible for HomePath Mortgage.
HomePath Mortgage allows a buyer to purchase a Fannie Mae-owned property with a low down payment, no lender-requested appraisal and no mortgage insurance. Expanded seller contributions towards closing costs are allowed. Available for owner occupants and investors.
Benefits to You, the Buyer
- Low down payment — at least 3 percent can be funded by your own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer.
- Flexible mortgage terms (fixed-rate or adjustable-rate).
- Renovation amount based on appraisal "as completed" value.
- No mortgage insurance; ask your lender for cost details on loans without mortgage insurance.
- Expanded seller contributions for closing costs.
- Available for primary residences, second homes, and investment properties.
- Many condo project requirements are waived; ask your lender for details.
We service all of Chicago, Aurora, Rockford, Joliet, Naperville, Peoria, Springfield, and all of Illinois. Also, St. Louis, Kansas City, Independence, Columbia, Springfield, Lee Summit and all of Missouri. Call and we can to tell you more about our loan products.