The new product will allow eligible individual and LLC borrowers (investors) to finance up to 20 properties using the Homepath Mortgage.  HomePath financing, available only on Fannie Mae-owned properties, offers great benefits — low down payment, no mortgage insurance, expanded seller contributions, and more.

HomePath Mortgage is available for move-in ready properties and also those that need renovation for both owner occupants and investors — a limited number of HomePath lenders also now offer HomePath Mortgage for the LLC borrower.

The HomePath Renovation Mortgage provides both the funds to purchase and to renovate in one loan allowing the buyer to purchase a property that requires light to moderate renovation. The one loan amount can go up to 35% of the as completed value with no more than $35,000.

You also can use the financing of your choice from any lender, such as your local bank, credit union or other financial institution.

Visit Homepath.com for more information on the program and participating lenders.