Fannie Mae Owned Homes

Fannie Mae Owned Homes

 
If you are considering purchasing a Fannie Mae Owned Home, it is a good idea to learn about the Fannie Mae home buying process. There are significant differences between a traditional home purchase and that of a Fannie Mae Owned Home.


What is HomePath Mortgage?
HomePath Mortgage is a type of financing which is only offered on Fannie Mae owned homes. The loan programs allow a borrower to purchase a Fannie Mae home with a low down payment, flexible mortgage terms, no lender required appraisal and no mortgage insurance. In addition, sellers may contribute more to the borrower’s closing costs than what is allowable by the FHA/VA guidelines.

3% down payment can be funded by the borrower’s own savings, a gift, a grant or a loan from a nonprofit organization, state or local government or employer.

 

  • Flexible mortgage terms include fixed-rate, adjustable rate or interest-only.
  • No appraisal required.
  • No mortgage insurance.
  • Available for primary residences, second homes and investors.
  • HomePath Renovation loans are available on properties that require light to moderate repairs, up to 35% of the as completed value.

 

      Wells Fargo Home Mortgage is an approved HomePath Mortgage provider. To learn more about HomePath loans or to qualify for a loan, click here now.

With all real estate transactions it can be scary and overwhelming – but it doesn’t have to be harder when purchasing a Fannie Mae Owned Home. We have created a Q&A page that will provide you with answers to the most commonly asked questions from home buyers. Click here.

Looking for a Fannie Mae Owned Home? 
Start your search here for Fannie Mae Owned Homes that quailfy for HomePath 
financing.

 

In today’s market, it is even more important to work with an experienced agent who knows how to successfully guide you through the REO home buying process. My team and I have represented hundreds of bank owned transactions, providing a smooth experience for our client. Please contact us today to get started on your home buying process!

Contact Information

Photo of Nate Martinez Real Estate
Nate Martinez
RE/MAX Professionals
20241 North 67th Avenue, Suite A1
Glendale AZ 85308
623-643-1010
602-430-5226
Fax: 602-532-7352

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