Fannie Mae Information

There are many initiatives that Fannie Mae has in place such as the following:

• The rental strategy includes two primary initiatives: Tenant-in-Place and Deed-for-Lease. Which is are initiatives that enable former mortgagor or tenants to sign a new Fannie Mae lease.
• First Look which in effect is an initiative designed to increase the number of owner occupied buyers by having certain timelines in which only buyers who will be occupying the property as their primary residence can submit an offer.

Home Buyers can click here for the Home Buyers Guide on how to

Fannie Mae also has a veriety of branded mortgage products known as HomePath Mortgage:

HomePath Mortgage allows a borrower to purchase a Fannie Mae-owned property with a low down payment, flexible mortgage terms, no lender-requested appraisal and no mortgage insurance. Expanded seller contributions to closing costs are allowed.

Benefits to You, the Borrower

• Low down payment and flexible mortgage terms (fixed–rate, adjustable rate, or interest–only).
• Down payment (at least 3 percent) can be funded by the borrower’s own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer.
• No lender-requested appraisal.
• No mortgage insurance; ask your lender for cost details on loans without mortgage insurance.
• Expanded seller contributions for closing costs allowed.
• Available for primary residences, second homes and investment properties.
• Many condo project requirements are waived; ask your lender for details.
• For more information, contact a HomePath Mortgage lender or click here for the Home Buyers Guide.

For additional information you can go to the Fannie Mae website by clicking here.

Below you will see links to the most up to date Fannie Mae potcast in order for you to get the most up to date information directly from Fannie Mae.

• Fannie Mae 101- Overview of our business and current role in the real estate industry
• HomePath 101- Overview of HomePath, our REO brand
• HomePath Financing- Overview of finance options available for the purchase of Fannie Mae REO properties
• First Look and Neighborhood Stabilization Program - An overview of the programs intended to support the neighborhood stabilizationportion of Fannie Mae's mission.
• Deed for Lease - A temporary solution that allows families and homeowners at risk of foreclosure to stay in the home for period of time and prepare for the transition to new living arrangements.

How to Make An Offer

To help you make an offer on a Fannie Mae property, use the following materials:

• Offer Worksheets
  • Offer Worksheet
  • Online Offer Worksheet
• FAQs
• Document Templates
  • Fannie Mae Real Estate Purchase Addendum
  • Fannie Mae Owner Occupant Certification
  • Fannie Mae Disclosure of Information on Lead-Based Paint and/or Lead-Based Paint Hazards