HomePath financing is available solely on Fannie Mae-owned properties and offers a great deal in the way of benefits. To begin with, only a 5% down payment (as of November 16, 2013) is required, mortgage insurance is not required, expanded seller contributions are permissible, and much more. The HomePath Mortgage is available for move-in ready properties for owner occupants as well investors while the HomePath Renovation Mortgage provides the funds to purchase and to renovate in a single loan. Redwood Mortgage Company can deliver either of these options for those who qualify.
