Vendor · New Berlin, WI · Member since 2016 · 16 posts · 3 votes
Hi BP Family!
I am looking to buy a 3 unit place but in the description it says Fannie Mae HomePath property. What is this? Should this deter me because that's not what I am hoping. I would like to know what I should expect or how to approach buying this place. Any info is good info.
Fannie Mae is similar to HUD but with less rules. They do have owner occupied periods where investors cannot bid on the property on unless they plan on living in it. Are you buying for investment or as your future home? Anyway you should proceed with looking at the property and making an offer if you see fit.