⚠ Program Ended October 2014
The Fannie Mae HomePath Mortgage was retired in October 2014. This post was the updated version at the time — but both it and the original are now historical. Fannie Mae and Freddie Mac foreclosures are still available to buy today using standard mortgage programs. See the fully updated HomePath guide for what’s available now →
Fannie Mae and Freddie Mac both offer special incentives to entice buyers to properties they have foreclosed on. Fannie Mae’s program is called Homepath and Freddie Mac’s is Homesteps. Although the names some similar, their incentives are VERY different. What Fannie Mae Homepath and Freddie Mac Homesteps do have in common is that the properties are generally in better shape than other distressed homes.
