Fannie Mae

Why does Fannie Mae have properties for sale?

Fannie Mae works with all of its partners to help homeowners prevent and avoid foreclosure; however, sometimes it is unavoidable. When foreclosures occur on mortgages in which Fannie Mae is the investor, our goal is to sell properties in a timely manner in order to minimize the impact on the community.Click Here to learn more.

Fannie Mae offers special financing for some of the HomePath® properties it offers for sale. The benefits include: 

• Low down payment and flexible mortgage terms (fixed-rate, adjustable-rate, or interest-only)

• Availability for both owner occupiers and investors

• 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 mortgage insurance

• No appraisal fees

 To find Fannie Mae owned proprties click here.