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HOME PATH LOAN

HomePath Mortgage Loan Program Charlotte Nc
The Home Path mortgage program allows a buyer to purchase a Fannie Mae foreclosure property with fewer dollars down and with lower qualifying credit scores. Some of the benefits of Home Path Mortgages are as follows:

  • Low down payment of 3% and can be funded by the borrower’s own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer.
  •  Min FICO is 620 (for less than 20% down payment min FICO is 660)
  • Properties must be designated at Home Path Eligible (certificate needed to process loan)
  • No monthly Mortgage Insurance Premium (MI) With no MI, you may be able to qualify for more home with low monthly mortgage payment
  • No appraisal requirements
  • Fannie Mae "First Look" properties limited to owner occupied in first 15-days of listing
  • Allows for purchase of investment properties up to 90% LTV with no MI
  • Maximum 45% monthly debt to income ratio (min. monthly debt payments/gross monthly income)
  • Investment properties: if the buyer owns more than 4 total properties must have 25% down payment

Another Type of  Mortgage available through the Fannie Mae Home Path Loan Program is the Home Path Renovation Mortgage

The Home Path Renovation Mortgage is for rehabbing a Fannie Mae owned property. This loan Program is a lot like the regular Home Path Loan Program with the exception of the benefit of being able to finance repairs into your loan.

This type of financing features:

  • Financing to fund both your purchase and light renovation
  • Flexible mortgage terms (fixed-rate or adjustable-rate)
  • Low down payment of 3% and can be funded by the borrower’s own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer. 
  • No mortgage insurance (Ask your lender for cost details on loans without mortgage insurance).

The Pruitt Miller Realty Group is one of the leading real estate groups in the Charlotte NC area who specializes in Down Payment Assistance Programs. 

We can help you every step of the way!

Helpful Links:

Fannie-Mae HomePath Guidelines

Fannie-Mae HomePath Properties for Sale

Fannie-Mae- HomePath Mortgage

Q&A about HomePath

Apply for Fannie-Mae HomePath Mortgage

If you would like more information about the Fannie-Mae Home Path Downpayment Assistance Program, please call 704-965-3319 or fill out the form below.

You can now APPLY ONLINE for a HomePath Mortgage Loan to see if you qualify.








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Top Charlotte Realtor Trena Miller
Premier Agent  Five Star Realtor
Trena Miller

Pruitt Miller Realty Group
Charlotte, NC 28262

704-965-3319
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Trena Miller | 704-965-3319 | Contact Us
10130 Mallard Creek Rd #300 - Charlotte, NC 28262
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