HomePath: A purchase program for specially designated Fannie Mae REO Properties.

HomePath: A purchase program for specially designated Fannie Mae REO Properties. 

• Here is where you determine if the property is eligible for HomePath financing:
  • www.homepath.com 

Specs:

• Owner Occupied:
  • 1 Unit to 95% with 660 Score/2 Units to 80% with 620 Score/3-4 Units to 75% with 620 Score
  • 1 Unit to 97% LTV with 660 Score (HomePath Flex Code 2097-00)
• 2^nd Home:
  • 1 Unit to 90% with 660 Score/80% with a 620 Score
• Investment:
  • 1 Unit to 85% with 660 Score/1 Unit to 80% with a 620 Score/2-4 Units to 75% with a 620 Score
• Purchase Only
• 30 & 15 Year Fixed Only
• No MI Required!!!
• No Appraisal Required!!!
• Max 50% DTI Regardless of DU
• 2^nd Home Requires 2 Months Reserves and 2 months reserves on each additional financed 2^nd home or investment property
• Investment Property Requires 6 Months Reserves and 2 months reserves on each additional financed 2^nd home or investment property)
• Seller Contributions: Up to 6% for LTV's 75.01-97%
• Min $500 From Borrower Required on FNMA HomePath Flex Program (>95% LTV)