FNMA HomePath Loans

The Fannie Mae HomePath program allows you to purchase qualified homes owned by Fannie Mae under more lenient terms than traditional conventional loans. As a lender offering HomePath financing, Mlend can help you purchase an eligible home with flexible terms and as little as three percent down.

HomePath mortgage benefits include:

• a low down payment and flexible mortgage terms (fixed-rate, adjustable-rate, or interest-only)
• you may qualify even if your credit is less than perfect
• available to both owner occupiers and investors
• down payment of at least 3 percent, funded by your own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer
• no mortgage insurance
• no appraisal fees

In addition, HomePath Renovation Mortgages are also available for homes that require some work.  These mortgages can be used to fund both your purchase and light renovation.

If you are interested in HomePath financing please contact one of our mortgage consultants.