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.
With Fannie Mae’s HFA Preferred™ incentive program on HomePath properties, buyers can receive up to 3 percent in closing cost assistance toward the purchase of a HomePath® property when they finance the home with an HFA Preferred conventional loan through their state housing finance agency (HFA).
To be eligible, buyers must:
All offers will be reviewed by Fannie Mae’s internal sales team to ensure buyers receive the appropriate benefits. To ensure that offer response is streamlined, please use the following guidelines for submission.
When a buyer is purchasing a Fannie Mae HomePath property using HFA Preferred Financing through an HFA:
*NOTE: Owner occupants are those buyers who will occupy the property as their principal residence within 60 days of closing and will maintain their occupancy for at least one year. Owner-occupant purchasers are required to sign an Owner Occupant Certification as a rider to the Residential Real Estate Purchase and Sale Contract. A buyer purchasing in the name of a trust, purchasing as a vacation/part-time residence, or purchasing so another person or relative can live in the property will typically be considered an investor and not eligible for this incentive.