The Home Path Mortgage, a home buying program by Fannie Mae, offers incentives to people who purchase bank owned foreclosures. This program enables individuals to buy Fannie Mae foreclosed homes with low down payments and closing costs, as well as flexible mortgage terms. It is also one of the only avenues left for low down payment mortgages.
For those wanting a mortgage with little down payment and an imperfect credit score - The Fannie Mae HomePath Program might just be the silver lining you were looking for.
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