Introducing Prospect Mortgage's newest REO program, HomePath® Mortgage.

Fannie Mae is now rolling out their new HomePath® program specifically for Fannie Mae REO properties.   

HomePath® Financing Highlights

  • Low down payment and flexible mortgage terms (30 & 15 Yr fixed-rate with available interest-only option)
  • Up to 97% financing for Owner Occupied homes
  • Up to 90% financing for 2nd homes
  • Up to 70% financing for Investment Properties
  • Borrowers purchasing a 2nd home or investment property with maximum 75% LTV/CLTV
  • No mortgage insurance option (over 80% LTV requires a 660 credit score and additional fee)
  • No appraisal fees (Sales price is used to determine value)  
  • 1 to 4, condos, and PUD's are eligible

This special financing is available exclusively on Fannie Mae homes with the HomePath logo

Search for Fannie Mae REO's at http://reosearch.fanniemae.com/reosearch/.