Why A Fannie Mae Home?
Fannie Mae's innovative First Look period contributes to neighborhood stabilization by encouraging home ownership. During this period, owner occupants, public entities, and their partners can submit offers and purchase properties without competition from investor offers.
The First Look period is typically the first 15 days a property.
If the property remains available for sale after the expiration of the First Look period, investor offers may be submitted and will be considered along with all other offers
Special financing is available on Fannie Mae homes with the following logo:
The benefits include:
- Low down payment and flexible mortgage terms (fixed-rate, adjustable-rate, or interest-only)
- You may qualify even if your credit is less than perfect
- Available to both owner occupiers and investors
- Down payment (at least 3 percent) can be funded by your own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer
- No mortgage insurance*
- No appraisal fees
- Also eligible for HomePath Renovation Mortgage (see details below)
- HomePath Mortgage financing is available from a variety of lenders - both local and national
Get Instant Access To This Week's List of Fannie Mae/Home Path Homes Available!
Note: there are 18 homes available this week!
List was updated on 8/12/2010