Fannie Mae has a 3% First time home buyer program that can be easily obtained and it helps you avoid FHA MIP and the 3-5 year wait versus DPA.You also have Gov Grants that come out each year that range form $5000-$10,000 if used for first time home buying. 

They sell off the loan to a loan service company that is backed by Fannie Mae or Freddie Mac.

Homepath loans can only be used on properties for sale by Fannie Mae.

According to my lenders that I have talked to, the money that is "gifted," needs to sit in your account for 60 days before Fannie Mae/Mac forget about caring for it.

You have two options as an owner occupied property - FHA 203(k) 3.5% down OR Fannie Mae HomeStyle Renovation loan 25% down.

You only get 10 Fannie Mae loans at one time, so if building a portfolio is your goal it is a great way to go for maximum value and stretch on your loan situation.  

Regular Fannie Mae, Freddie Mac non owner rates are in the 5's.Hope that helpsStephanie

I have the deep pockets, I want to know how to get a cash offer on the asset managers desk with no contingencies.Please let me know if anyone gets a contact number or email for fannie mae asset managers. 

Make sure to compare the fees, payment and rates between FHA and Fannie Mae. 

I see this also with Fannie Mae at times.