HomePath – FannieMae REO

HomePath is a program specifically designed to finance liquidation of Fannie’s REO portfolio.   Properties offered by Fannie Mae and financed through this program are eligible for financing up to 95% (only 5% down payment) with credit scores as low as 620.  There is NO Appraisal, mortgage insurance & no condo warranty required for these properties.  These are for owner occupied homes.

There are also opportunities for borrowers looking for investment properties- these are allowed to go to 90%, meaning the borrower has to come in with only 10% in the program.  This is offered with the same waiver of appraisal, MI and condo warranty. 


Since appraisals are currently the biggest issue for homebuyers this waiver of appraisal is a huge advantage.  There are currently about 80 properties in Sonoma County eligible for this financing.
To see the property listings go to www.HomePath.com To discuss getting a HomePath mortgage and buying a FannieMae REO property email me at tenret@sonic.net or give me a call (707) 328-2621



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