If you're looking to buy a HomePath home, whether you're buying your first home or your fifth, the experience can be exciting, confusing, overwhelming and wonderful — all at once! Buying a Fannie Mae-owned home isn't much different. We're here to help you through the process with tools and resources.
A foreclosed property can represent a great opportunity and a good value — but a HomePath property can offer even more. Some homes may qualify for special incentives, which will be clearly indicated on the property details page of an eligible property.
For many homebuyers, finding their perfect house is the easy part - finding the right financing for their circumstances can be harder. Fannie Mae's HomeReady® mortgage helps address the financing challenges of multigenerational households, such as parents, adult children, and others sharing a home, and low- and moderate-income households.*
HomeReady allows accessible financing and supports sustainable homeownership. Key features include:
* There are other requirements for getting approved for a HomeReady mortgage. Speak with your lender to learn moreMore information about HomeReady Mortgage
Many state and local housing authorities offer financing programs that can assist you with the down payment and purchase of your new home. Additionally, HUD's Neighborhood Stabilization Program (NSP) provides homebuyer funds through special financing programs.
We support public funds programs and offer additional assistance to the buyer, including the following:
Interested Party Contributions
This is usually paid by the seller – HomePath properties qualify for expanded eligibility, check with your Lender for their allowances.
The above flexibility is available on all HomePath properties. All other requirements of Fannie Mae's Selling Guide apply.
For more information on HomePath properties, lenders should refer to the Selling Guide.