Home Path

FNMA HomePath


A foreclosed property can represent a great opportunity and a good value — but a HomePath property can offer even more. Some homes may qualify for special incentives, and many can be purchased with a low down payment and flexible mortgage terms through HomePath financing.


Interested in a real estate owned property (REO)?

Guaranteed Financial offers Fannie Mae HomePath Financing. This Real Estate Owned (REO) program provides you with a good opportunity to add value to your next home purchase and helps strengthen the community.

The HomePath mortgage program is available on fixed or adjustable rate terms for primary, secondary and investment properties.

 Key Benefits

  •  Low Down Payment
  •  No Appraisal Required
  •  No Mortgage Insurance
  •  Up to 6% Seller Contribution on Principal Residences to 97% LTV**


  •  You want to purchase a home with a low down payment
  •  You are interested in a Fannie Mae real estate owned property


HomePath financing, available only on Fannie Mae-owned properties, offers great benefits — a 5% down payment (as of November 16, 2013), no mortgage insurance, expanded seller contributions, and more. HomePath Mortgage is available for move-in ready properties for both owner occupants and investors — a limited number of HomePath lenders, Guaranteed Financial is one of them, also now offer HomePath Renovation Mortgages.  This loan (similar to FHA’s 203k Renovation Loan) provides both the funds to purchase and to renovate in one loan.

Look for one of these logos to identify a property that is eligible for either a HomePath or HomePath Renovation loan.

hp_mortgage_logo                  hp_reno_mortgage_logo


Properties with the HomePath Renovation Mortgage logo are eligible for special financing.

Benefits to You, the Buyer

  • As of November 16, 2013, HomePath loans require at least a 5% down payment that can be funded by your own savings, a gift, a grant; or a loan from a nonprofit organization, state or local government, or employer.
  • Flexible mortgage terms (fixed-rate or adjustable-rate).
  • Renovation amount based on appraisal “as completed” value.
  • No mortgage insurance; ask your lender for cost details on loans without mortgage insurance.
  • Expanded seller contributions for closing costs.
  • Available for primary residences, second homes, and investment properties.
  • Many condo project requirements are waived; ask your lender for details.


For more information or for a more detailed explanation of the renovation process, contact one of our Mortgage Loan Consultants.  


Learn more about…

Conventional Loans

FHA Loans

FHA 203k Renovation Loans