Fannie Mae Homepath

[Presley Reeves]

Anyone have any experience making offers to Fannie Mae on their Home Path program?  I was wondering if I could make an offer slightly below their ask price to give me some wiggle room for replacing the HVAC at the property.

[Christian Marin]

You can offer up to 85% of the list price with Fannie Mae and they will play ball with you. Sometimes it can drop to 80% but anything lower and they'll automatically reject you. I offer on about 50 fannie mae homes a month. They suck to deal with.