Regardless if you are a primary-time family customer otherwise someone who has bought several home into your life, which have a good number of functions to select from can make all the difference in aiding to find your ideal family. This is how HomePath by Fannie mae comes in.

Fannie mae , a government-sponsored firm one to shopping mortgage loans off loan providers, sells characteristics it owns in the HomePath – into the goal of support area stabilization and you may permitting parents look for the perfect home.

Read on more resources for Federal national mortgage association HomePath characteristics, whether or not buying one is the right choice for you and much more.

A fannie mae HomePath home is a bit of real estate which had been acquired because of the foreclosures otherwise an action in lieu foreclosure. Buyers should buy a HomePath household out-of Fannie mae with while the absolutely nothing while the an effective 3% advance payment and you can discovered an ending pricing borrowing from the bank as large as 3% of your price whenever they use the HomeReady financing program.

Federal national mortgage association is actually a national-paid firm that provides liquidity and you will balance toward housing market by buying mortgages of loan providers and you will promoting them in the wild field. Whenever a citizen has dilemmas making their mortgage payments, Fannie mae works with their borrowers to learn the choices and you can prevent property foreclosure. Regrettably, that both is not you’ll.

HomePath is actually a genuine property platform in which Fannie mae marks and you may sells the property it has obtained as a consequence of foreclosures. Federal national mortgage association HomePath qualities are various functions, along with unmarried-household members land, multifamily properties and condominiums.