How to Buy a Foreclosure With Only 3% Down and No AppraisalThe Fannie Mae Homepath loan can be a great way to buy a home. Fannie Mae has designed a program to address the concerns that buyers have in regards to qualifying for a home loan. The Homepath loan offers buyers the chance to buy a Fannie owned home with as little as 3% down and no monthly mortgage insurance. There is also no apprasial since Fannie is making a loan on a home it owns,For investors the Homepath loan will finance up to 90% of the value of the home also with no mortgage insurance and no appraisal. To find a home that qualifys for the Homepath loan you can go to http://www.homepath.comJanuary 18 2011 - Eugene00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.