HomePath

HomePath is a real estate program by Fannie Mae that offers affordable financing options for purchasing homes it owns, often foreclosures. It provides buyers, including first-time homeowners, with special benefits such as lower down payments and fewer restrictions, making homeownership more accessible. The properties available through HomePath are typically insured by Fannie Mae, and the program streamlines the buying process with flexible financing and options for both traditional and renovation loans. Essentially, it’s a way for prospective homeowners to access quality homes at competitive prices with simplified purchase terms.