FNMA HomePath is a program for specific FNMA REO properties that are registered on the website www.homepath.com , these properties have the following special financing eligibility:
- up to 97% LTV No MI Primary Residence
- up to 95% LTV No MI Second Home
- up to 90% LTV No MI Investment Property
- 6-9% seller concessions for Primary and Second Homes
- 2% seller concessions for Investment Properties
- No Appraisal - the value is determined by the Sales Contract!!!!
- No Declining Markets policies
