Fannie Mae's First Look marketing period is designed to provide owner occupants and buyers using public funds a “first look” at Fannie Mae homes. During this time, only offers from an owner occupant or buyer using public funds will be considered. The First Look time clock indicates how much time remains in the First Look marketing period.
HomePath Renovation Mortgage allows a buyer to purchase a property that requires light to moderate renovation. The one loan amount includes both the funds for the purchase and renovation – up to 35% of the as completed value, no more than $35,000. Available for owner occupants and investors.
HomePath Mortgage allows a buyer to purchase a Fannie Mae-owned property with a low down payment, no lender-requested appraisal and no mortgage insurance. Expanded seller contributions towards closing costs are allowed. Available for owner occupants and investors.