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Fannie Mae Home Path

Home Path Loans are special mortgages offered by Fannie Mae in conjuction with the purchase of
a designated Home Path Property. Fannie Mae markets their REOs (Real Estate Owned/Foreclosures) under the Home Path brand. Purchasing a Fannie Mae Foreclosure and combining it with a Home Path loan can give buyers an opportunity to make a "good deal" a "great deal"!

The First Look Program was created by Fannie Mae to promote home ownership and to stabilize neighborhoods from deterioration due to REOs.

The program allows Owner occupants a first look at all REOs before accepting an offer from an investor. The First Look period is usually fifteen days after it is listed on the Home Path website.

Fannie Mae does not directly interface with buyers. They list and sell their REO properties through Licensed Professional Realtors. A visit to their website will display all available Home Path properties and Realtors.

Home Path Loans are offered by Licensed Mortgage Professionals that have been designated to originate and close Home Path loans.

Some Home Path properties have a second designation and are renovation eligible. These special Home Path loans allow a buyer to purchase a REO in "as is" condition and renovate the property all in one loan package. A

Home Path Renovation Loan

Home Path Renovation loan can be used to finance repairs, upgrades or remodel:

New Roof
New Kitchen
New Bath(s)
New Impact Windows

.... and much much more!

A Fannie Mae Home Path Loan

offer buyers money saving features and benefits:

Home Path loans save you $$$s with only a 3% minimum down payment required
Home Path loans save you $$$s with No Appraisal required
Home Path loans save you $$$s with No Mortgage Insurance required
Home Path loans save you $$$s with seller paid closing costs allowed

Primary Residential Mortgage offers Home Path loans and Home Path Renovation loans.

Home Path Loans are available for primary residences, second homes, or investment properties. Home Path Loans are available for 1-4 unit properties.