Also if it’s a jumbo, those haven’t been pricing out lately with rates increasing and Fannie Mae announcing llpa (loan level pricing adjustments) on second homes earlier this year.

Molly Mayeux Scott Sankhi Thank you!

I've heard excellent reviews about this site and would like to gain some insight on purchasing a Fannie Mae Home Path foreclosure.

Meaning loans that are governed by Fannie Mae and Freddie Mac (if you recognize those names). 

A conventional, i.e. conforming, loan requires 25% down on (non-owner-occupied) multifamily property per Fannie Mae requirements.

I thought I had Fannie Mae "all figured out" once, and they proved me wrong.

Fannie Mae purchases and securitizes mortgages made to non–U.S. citizens who are lawful permanent or non-permanent residents of the United States under the same terms that are available to U.S. citizens.

Then if your successful and have 9 financed properties, you will run into Fannie Mae's limit of 10 financed properties rule.

And you can get a conventional loan with great 30 year fixed rates from fannie mae now with only 3% down payment.  

I've been told recently by someone that there are bidding wars on Fannie Mae properties now as soon as they hit the MLS, and that the banks in general are letting the defaulting owners stay in the house for very long times so the pipeline is slowing down.