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does fannie mae - homepath require 10% down payment for condo/townhome purchases. I have heard diff

does fannie mae - homepath require 10% down payment for condo/townhome purchases.  I have heard different answer about required down payment.  Only 3.5% down min is allowed on single family homes???
 
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February 17 2010 - Baltimore
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Every lender is different when it comes to homepath financing-  Additionally, many lenders have differing overlays regarding Homepath.  You should call 4 local brokers and ask them which lender they will send you to for financing-  Make sure you indicate when speaking to the brokers you do not wish to get financing from a specific lender if a broker indicated he is already quoting you financing from the same lender.  By doing so, you will get 4 different lenders financing options and be able to see the differing underlays.
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February 17 2010
 
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