HomePath Frequently Asked Questions (FAQ)

Texas HomePath Lender

The real estate industry is buzzing about HomePath. Fannie Mae acquires homes through foreclosure. Buyers can finance these properties with only 3% down. HomePath rates are excellent. No appraisal required, nor is mortgage insurance.

Max Leaman is an approved HomePath lender nationwide.

Benefits of HomePath Mortgage Financing:

• Low, 3% down payment can be made through a variety of resources:

 

• Personal savings

 

• Gift or grant

 

• Loan from a nonprofit organization, state or local government, or employer

 

• Flexible mortgage terms (fixed-rate, adjustable-rate, or interest-only)

 

• Available to both owner occupants and investors

 

• You may qualify if your credit is less than perfect

 

• Financing can fund both purchase & light renovation

 

• No appraisal required

 

• No mortgage insurance

 

What kinds of properties are available in the Fannie Mae HomePath program?

• Single-family homes

 

• Condominiums

 

• Townhouses

 

All HomePath properties are owned by Fannie Mae. The number, types and sales prices of homes offered for sale may vary.

 

Where can I find HomePath properties for sale?

Fannie Mae uses local real estate professionals to prepare, maintain, and list the properties for sale. All HomePath properties are available online: www.HomePath.com

 

Can I Buy a House Directly from Fannie Mae?

Fannie Mae depends on the expertise of local real estate professionals and accepts offers only through listing agents. You may work with any real estate professional to submit an offer to the real estate agent who has listed the property.

 
If you are an investor interested in renovating a property, you may qualify for financing with a HomeStyle® Renovation Mortgage. For more information, contact Max Leaman at (512) 293-1239 or toll-free (800) 294-4101.

 

Special Offers and Incentives for HomePath properties:

HomePath has ongoing special offers for buyers and agents such as assisted closing costs and selling-agent bonuses. To view current specials, visit: http://www.homepath.com/incentive/index.html

 
Max Leaman’s consultation is always free. If you or someone you know has questions, please contact Max Leaman 512-293-1239 (Mobile) and 512-617-5636 (Office) or (800) 294-4101 (Toll-Free).