Low down payment and flexible mortgage terms (fixed-rate, adjustable-rate, or interest-only)

You may qualify even if your credit is less than perfect

Available to both owner occupiers and investors

Down payment (at least 3 percent) can be funded by your own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer

No mortgage insurance*

No appraisal fees, No appraisal

    Fixed or adjustable rate mortgage programs available.

    Available to owner occupants and investors.

    Credit scores as low as 660.

    Low down payment options down to 3% owner occupants... 10% for investors. 

    Gift funds acceptable for down payment

    Up to 6% seller concessions allowed.

 Announcing... HomePath Renovation Loan

 HomePath properties must have “Renovation Mortgage” logo on listing to qualify. 

In addition to special HomePath Financing, Fannie Mae offers a HomePath Renovation Loan for some of its foreclosures.  The HomePath Renovation Loan allows buyers to purchase foreclosures and incorporate some repairs or upgrades into the mortgage financing.  The ability to build-in improvements into the mortgage without a large out-of-pocket expense, makes the Fannie Mae HomePath Renovation Loan an excellent choice for buyers on a budget.

HomePath Renovation Loan benefits and restrictions:

    Financing to fund both purchase and light renovation.

    Low down payment options down to 3%.

    Gift funds acceptable for down payment.

    No mortgage insurance

    Available for owner-occupied properties only

    Appraisal required to validate repairs or upgrades

    Renovations up to the lesser of $30,000 or 20% of the completed home value.

209-728-9898