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Fannie Mae HOMEPATH program - eligibility?

How do you know if your property qualifies for Fannie Mae HomePath financing?
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April 11 2009 - Las Vegas
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You are not clear in whether "your property" means the one you reside in now or the one you are looking to purchase.

If it is the one you reside in now, it would not qualify. Homepath properties are ones that have been foreclosed upon and are now owned by Fannie Mae. FM then offers special financing (Homepath) to buyer's of those properties.

If you are referencing a home you want to buy, then unless it is listed as a property on the FM site www.homepath.com then it is not eligible for Homepath financing.

Homepath is a great product ... when it fits your needs.
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March 16 2010
Are you buying a VA owned home or using your VA eligibility to buy the home?
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March 15 2010
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I have been prequailified $285K VA mortgage-property 5418 e wethersfield rd., Scottsdale,Az-offers HomePath Mortgage and HomePath Renovaton
Mortgage Financing.How do I proceed in acquiring this property and what
time frame.
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March 15 2010
Is my  property qualifies for Fannie Mae HomePath financing?
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April 15 2009
Hi Marsh511,

The home must be owned by Fannie Mae to qualify for HomePath mortgage financing. There is a close cousin to the HomePath program called the HomeStyle mortgage program for homes that are in need of repair but are not owned by Fannie Mae.

Justin

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April 12 2009

Homepath is designed for purchases of Fannie Mae Bank owned properties only. www.homepath.com is a list of properties per city.
do not get confused, there are two program homepath mortgage and homepath renovation.

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April 11 2009
 
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