Updated about 15 years ago on . Most recent reply
Homepath Mortgage Lenders - investment property purchase experiences?
Looking for any feedback - positive or negative - on dealing with mortgage lenders for Fannie's Homepath program for investors.
Has anyone purchased an investment property through Homepath? Any lenders you'd recommend or stay away from next time? Any input is appreciated.
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I closed on a Homepath loan in August. It was a really good buy but I had to put 15% down. HomePath changed requirements in August. 3% OO, 10% 2nd Home, 15% Investors. The process was not bad at all. Paid 1.5 points for a rate of 5.25. No PMI, No Appraisal. I did have to buy a survey though.