EFFECTIVE OCT 6, 2014
Fannie Mae has announced is was ending the HomePath ® mortgage financing option. HomePath transaction in process may still close, but no new loans will be accepted after Oct 6, 2014
You do not need to do a HomePath or HomeSteps Loan to buy a HomePath or HomeSteps eligible home.
HomeSteps ® financing as a special program is not currently available in MN, WI, or SD. Standard loan program like FHA Loans, VA Loans, USDA rural development, etc ARE available for HomeStep Freddie Mac foreclosures.
How Does HomePath Work?
Simple. Just qualify for a traditional financing with at least 3% down. Then select a home to buy from a special list of available foreclosed properties. Special HomeSteps financing only available in a few states.
Where can I see the list of available HomePath or HomeSteps houses for sale?
Easy. Simply contact us, and we'll put you in contact with a qualified Realtor Partner who will analyze your needs, and show you a list of qualified HomePath and HomeStep properties in MN, SD, and WI.
What about HomePath closing costs?
All Mortgage loans, including these have normal closing costs, but they can be rolled into the loan to reduce your up-front out of pocket costs.
It all starts with a no obligation online loan application or a call to (651) 552-3681, where one of our specially trained HomePath Loan Officers will assist you.
This is a National Program, and there are qualifying homes in every state, but we lend on this program for homes in South Dakota, Minnesota and Wisconsin ONLY.