Colonial National Mortgage is a Fannie Mae-approved lender for the HomePath® Mortgage and the HomePath® Renovation Mortgage.

HomePath® Mortgage features:

• $50,000 minimum loan amount
• Minimum credit score of 660 is required
• Select from a wide inventory of Fannie Mae’s real estate owned (REO) properties
• High loan-to-value ratios
• 3% down payment
• 15% down payment on 1-unit investment properties
• No appraisal requirement
• No mortgage insurance requirement
• Financing available for renovation
• No condos in AZ, CA, FL, MI or NV

HomePath® Renovation Mortgage features:

• Primary residences only
• $50,000 minimum loan amount
• Minimum credit score of 660 is required
• Renovation loans are not available from Colonial National Mortgage in New York, New Jersey, Delaware, North Dakota, South Dakota as well as Florida Counties of Broward, Dade and Lee.
• High loan-to-value ratios
• Renovation component is built into loan amount
• Appraisal required
• Renovation must be completed within 3 months of closing
• No condos

HomePath® is a registered trademark of Fannie Mae.