Using Homepath to finance home and rennovations

[Robert Setliff]

Does anyone have experience using the Fannie Mae homepath program? My understanding is that you can get a MFH (2-4 units) for a low down, no PMI, and also include rennovations into your total loan up to 35% of ARV. Also, the program is open to investors and it does not need to be your primary residence as would be the case with using an FHA. Any feedback would be appreciated.