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 has several financing options. The mortgage options address the financing challenges of multigenerational households, such as parents, adult children, and others sharing a home, as well as low- and moderate-income households. *
Fannie Mae's mortgage products support sustainable homeownership by allowing:
* There are other requirements for getting approved for any of these mortgage options. Speak with your lender to learn more.More information about financing
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.