Colonial National Mortgage is one of only a few Fannie Mae-approved lenders
for the HomePath® Mortgage and the HomePath® Renovation Mortgage. We provide
HomePath® mortgage and renovation loans nationwide, working closely with realtors to coordinate
financing of Fannie Mae HomePath® properties for sale across the country.
HomePath® loans from Colonial National Mortgage offer high loan-to-value financing with
competitive eligibility and underwriting - and no private mortgage insurance requirements. To
see Fannie Mae HomePath® listings, visit www.HomePath.com.
Then contact our HomePath® Specialists listed above for a consultation and pre-qualification.
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
- 10% 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, second homes and investment properties
- $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.