Fannie Mae's Homepath program provides homebuyers with some awesome financing options. The program requires the purchase of a Fannie Mae owned property.


The program allows for 97% financing(JUST 3% down payment) for primary residence properties, 90% for second homes and 85% for investment property, all with NO mortgage insurance and NO appraisal. FNMA owns a significant number of homes in Arizona, California and throughout the US.

Fannie Mae is also currently offering 3.5% of the sales price to the home buyer (investors excluded) to be used for Closing Cost Assistance and/or brand NEW Whirpool® Appliances. Recently extended to June 30, 2010!


Highlights for Condo Financing:

1. Condo must be on the "HomePath Eligible List"
2. Up to 97% financing on primary homes
3. Up to 90% financing on second homes (vacation home)
4. Up to 85% financing on investment properties
5. Seller can pay up to 6% (2% for investments) of your closing cost and prepaids
6. NO Appraisal required!
7. NO Mortgage insurance required!


Please contact me if you would like more information about HomePath financing from Fannie Mae.