Fannie Mae Articles

What is HomePath?
HomePath is the brand used for any property that is owned by Fannie Mae. HomePath mortgages give borrowers the option to have mortgages backed by Fannie Mae and offers the opportunity to get a HomePath renovation loan, allowing borrowers to include basic renovations needed...

What is Fannie Mae?
Fannie Mae is considered a (GSE) government sponsored enterprise, and its intentions are to purchase mortgages from lenders to sell them at lower costs. This process, called securitizing, intends to assist the housing market in regaining strength. . The concept is...

4 Ways HomePath Mortgage Helps Todays Home Buyers
Home buyers in the market right now have some tried-and-true mortgage loan options for financing a dream home, a first home or an investment home. One such option helps you buy a Fannie Mae owned property: HomePath Mortgage.. 1. Low down payment options. The down payment...

3% Down Payment Conventional Mortgages for First Time Home Buyers
Fannie Mae announced that they would put a 97% LTV option into effect for first time home buyers. Freddie Mac will have a similar option as part of a new program called Home Possible Advantage. Instead of having a 5% down payment requirement, first time home buyers are only...

Fannie Mae HomePath Mortgage Qualifications
Fannie Mae HomePath is a specific type of conventional loan that differs slightly from other conventional loans. A HomePath loan offers borrowers a 5% down payment with no mortgage insurance and no appraisal. Often, the rates are higher than conventional mortgages due to the...