March 25th, 2011 3:20 PM by Teresa Molina
The Fannie Mae HomePath® program is a fixed-rate, fully amortizing loan program that provides the financing for properties that are owned by Fannie Mae as a result of foreclosure or other similar action such as a deed-in-lieu. You may be able to qualify for the loan with as little as 3% down and NO mortgage insurance.
The property must be designated by Fannie Mae as eligible for a HomePath Mortgage.
Be sure to ask your loan officer for more details about this financing program.