Fannie Mae HomePath Mortgage
Freedom Mortgage maintains an approved broker relationship to offer HomePath financing.
Fannie Mae HomePath Mortgage
Check www.homepath.com to see properties that are eligible for this special financing
Up to 97% financing for eligible property types/borrowers for owner occupied & up to 90% on investment properties and second homes
No MI required- pricing adjusters in lieu of MI will apply to LTV's greater than 80%
Purchase transactions only
Fixed rates, ARMs, and interest only options are available
No appraisal required- use sales price as appraised value
Allows for a loan score of 660 with 80% LTV or greater
Non-traditional credit is not allowed
Program can be used for owner occupied, second home, and investment property
Down payment (at least 3%) can be funded by borrowers own savings, a gift, a grant, a loan from a nonprofit organization, state or local government, or employer. Down payment assistance programs can't be used if they require an appraisal as we can't order appraisals on these transactions.
No homeowner's association certification (form 921) required
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