Home Path for Investors

[Elizabeth Colegrove]

Has anyone used Home Path as an investor to finance properties number 5 and above?

I thought a few people had mention that they used it for mortgages number 5 and above. Unfortunately my mortgage broker says that it is only available to investors for with 4 or less mortgages including the house they are trying to mortgage.

I really want to use this program so I figured I would reach out and see if anyone could help :)

[Matt Devincenzo]

@Roy N. welcome to the wonderful world of confusion that Homepath creates for us. Anyone can purchase homepath listed properties. Meaning that it is just a REO owned by Fannie Mae, only caveats being waiting for the OO buyer period to expire.

Then there is also "homepath financing" which is a loan offered by Fannie Mae to finance their own REOs in an attempt to get them sold faster/more money they waive things like appraisal and allow financing properties needing rehab. This is like other conventional loans, and as such not eligible to finance an entity (as far as I know). That was what the OP was asking about was the limits on financing.