EDITORS NOTE: Fannie Mae is no longer offering the FannieMae HomePath mortgage program. If you are considering buying a Fannie Mae HomePath property (foreclosure that is owned by Fannie Mae) in Washington state, I’m happy to help you.
Earlier this week, a real estate agent emailed me this question regarding Fannie Mae HomePath mortgages:
I have a client looking at a HomePath home in King County. It’s listed at $470,000 and she wants to put down 5%. Is that possible? I had the impression that HomePath still has to conform to standards on loans and the limit would be 417,000.
Here’s my reply:
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