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Here are a few FAQ directly from Fannie Mae that may help answer a few of your questions to begin: We can put you in touch with a HomePath lender to discuss which available financing options best meet your individual needs.” The one loan amount includes both the funds for the purchase and renovation - up to 35% of the as completed value, no more than $35,000. Expanded seller contributions to closing costs are allowed.Ī HomePath Renovation Mortgage allows a borrower to purchase a property that requires light to moderate renovation. There are even special financing programs available for certain HomePath properties – either a HomePath Mortgage or a HomePath Renovation Mortgage.Ī “HomePath Mortgage allows a borrower to purchase a Fannie Mae-owned property with a low down payment, flexible mortgage terms, no lender-requested appraisal and no mortgage insurance. Investor offers submitted after the expiration date of the First Look period will be considered along with all other offers. During this period, Owner Occupants who occupy the home as their primary residence, some non-profits, and public entities and their partners can submit offers and purchase properties without competition from Investor offers. We can represent You to purchase a Fannie Mae (bank-owned) home either as an Owner Occupant or an Investor (and we are licensed and active in DE, PA & MD so we can help you compare and find the best value across state lines).įannie Mae’s unique “First Look” program allows a 15 day marketing period which contributes to neighborhood stabilization by encouraging home ownership. View ALL Bank Owned REO Homes for Sale (not just Fannie Mae HomePath.Cecil County, MD HomePath Fannie Mae Foreclosure Homes.

Delaware County, PA HomePath Fannie Mae Foreclosure Homes.Chester County, PA HomePath Fannie Mae Foreclosure Homes.Sussex County, DE HomePath Fannie Mae Foreclosure Homes.Delaware HomePath Fannie Mae Foreclosure Homes.View ALL Fannie Mae HomePath Foreclosure Homes for Sale