Should you buy a Fannie Mae HomePath home?

If you're planning to buy your dream property, a Fannie Mae HomePath home could offer the opportunity to secure the home for less. Fannie Mae’s HomePath Ready Buyer program allows you to buy a foreclosed property with as little as a 3% down payment. You can also get up to 3% closing cost assistance.

What is a Fannie Mae HomePath property?

A Fannie Mae HomePath property is a house that’s being sold directly by Fannie Mae to an investor or a traditional buyer. There are two situations in which Fannie Mae ends up owning a house. One is if the house has gone through foreclosure and Fannie Mae owned the mortgage on it. As the lienholder, Fannie Mae now owns the home.

Can Fannie Mae sell a house online?

Alternatively, Fannie might decide to auction the home online. HomePath listings are available at homepath.fanniemae.com. They’re listed by real estate agents, but the listings tend to have fewer details compared to other real estate sites like Zillow. You can contact the agent directly to get more information.