Note: The Fannie Mae HomePath mortgage program has been discontinued. This page has been preserved because HomePath properties are still available for purchase, and the mortgage program may return in the future. Current financing options are outlined below.
What Are HomePath Properties?
HomePath properties are homes that Fannie Mae has acquired through foreclosure. They are listed for sale on homepath.com and are available to owner-occupants, second home buyers, and investors.
Fannie Mae occasionally offers special incentives for owner-occupant buyers, particularly first-time homebuyers. It’s worth checking the HomePath website for any current promotions or priority purchase periods.
The HomePath Mortgage: A Program That No Longer Exists
From approximately 2009 through 2014, Fannie Mae offered a specialized HomePath Mortgage designed specifically for purchasing HomePath properties. Key features of that program included:
- No appraisal required
- No private mortgage insurance (PMI)
- Flexible down payment options
- Available for owner-occupied, second home, and investment purchases
- Expanded condo eligibility guidelines
That program was discontinued in October 2014. If you encountered information about the HomePath mortgage elsewhere online, please be aware that it is no longer available.
How to Finance a HomePath Property Today
HomePath properties can be financed with standard mortgage programs. Depending on your situation and the property type, options may include:
- Conventional loans — available with as little as 3%–5% down for owner-occupants
- FHA loans — flexible credit and down payment guidelines
- VA loans — for eligible veterans and service members, no down payment required
- Investment property financing — for non-owner-occupied purchases
The right program depends on your goals, credit profile, and how you plan to use the property. I’m happy to help you think through the options.
Interested in Buying a HomePath Property in Washington State?
If you’re considering purchasing a Fannie Mae HomePath property located anywhere in Washington state, I can help you explore your financing options and structure the right loan for your situation.
Get a rate quote or reach out directly — there’s no cost or obligation to get started.
