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Updated about 9 years ago on . Most recent reply

Jesse E.'s profile image
Jesse E.'s profile image
Jesse E.
  • Architect
  • from Jersey Cty, New Jersey
  • Member since Feb 13, 2015
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Jesse E.'s profile image
Jesse E.'s profile image
Jesse E.
  • Architect
  • from Jersey Cty, New Jersey
  • Member since Feb 13, 2015
Connect
Jesse E.
  • Architect
  • Jersey Cty, NJ
1
Votes |
6
Posts
Buying & Selling Real Estate

FM Homepath Loans

Jesse E.
  • Architect
  • Jersey Cty, NJ
Posted

Hi BP! My wife and I are in a position to put an offer in on our first owner occupant investment property! The property is a duplex and a Fannie Mae owned property. My understanding is that Fannie Mae offers the Homepath loan program which looks very appetizing with 3% down and no PMI. Which raises the question... is there a catch? Has anyone had experience with this type of loan on an owner-occupant duplex? Was there any surprises? All feedback is welcomed!

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