Fannie Mae HomePath® Rates, Loans, and guidelines.
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Fannie Mae HomePath ® Fixed Rate and Libor Arms to 417K | |||||
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Primary Residences - | |||||
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Property Type |
Max LTV - |
Max LTV- |
Max CLTV With secondary financing |
Max HCLTV |
Minimum Credit Score |
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Single family |
97% |
97% |
97% |
97% |
660 |
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Duplex/2 unit |
80% |
80% |
80% |
80% |
620 |
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Multi family |
75% |
75% |
75% |
75% |
75% |
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***Multi Family dwellings up to 4 units max. Owner Occupied only. ***Owner Occupied and Second Homes in West Virginia require an exterior appraisal at a minimum unless DU requires a full appraisal
***No Fannie Mae HomePath Renovation Loans | |||||
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Fannie Mae HomePath ® Fixed Rate and Libor Arms to 417K
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Second Homes - | |||||
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Property Type |
Max LTV - |
Max LTV- |
Max CLTV With secondary financing |
Max HCLTV |
Minimum Credit Score |
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Single family |
90% |
90% |
90% |
90% |
660 |
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Single Family |
80% |
80% |
80% |
80% |
*620* |
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Duplex/2 unit |
Not allowed |
Not allowed |
Not allowed |
Not allowed |
N/A |
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Multi family |
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***No Fannie Mae HomePath Renovation Loans | |||||
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Fannie Mae HomePath ® Fixed Rate and Libor Arms to 417K
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Investment Property -
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Property Type |
Max LTV - |
Max LTV- |
Max CLTV With secondary financing |
Max HCLTV |
Minimum Credit Score |
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Single family |
85% |
85% |
85% |
85% |
660 |
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Single Family |
80% |
80% |
80% |
80% |
*620* |
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Duplex/2 unit |
75% |
75% |
75% |
75% |
620 |
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Multi family |
75% |
75% |
75% |
75% |
620 |
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Fannie Mae HomePath® Rates and underwriting guidelines for Fannie Mae foreclosures. Get Fannie Mae HomePath® Loan rates and guidelines for Illinois, Iowa, Michigan, Ohio, New York, Maryland, Texas, Arizona, Nevada, California, Georgia, Virginia, Florida and the rest of the US. Fannie Mae HomePath® Financing provided by Emery Federal Credit Union at A+ Better Business Bureau rating. Fannie Mae HomePath mortgage rate quote form below underwriting guidelines.
(800) 910-
Fannie Mae’s 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. Expanded seller contributions to closing costs are allowed.
Loan Closings take place in 1 week or less depending on title. Fannie Mae pays
3.5% of closing costs for Primary.
Fannie Mae HomePath® Benefits to You, the Borrower
Low down payment and flexible mortgage terms (fixed–rate, adjustable)
Down payment can be funded by the borrower’s own savings; a gift; a grant.
No lender-
No mortgage insurance;
Expanded seller contributions for closing costs allowed.
Available for primary residences, second homes and investment properties.
Many condo project requirements are waived; ask your lender for details.
Fannie Mae HomePath® underwriting guidelines matrixes for occupancy requirements, property type, down payment requirements, limits on secondary financing, credit score requirements, and requirements for condos.
Get a free rate quote for Fannie Mae Homepath® rates and loan programs from a professional loan officer at a National Credit Union with an A+ Better Business Bureau rating.
