What is a Fannie Mae HomePath Property? Your Questions, Answered
1 min read
“The buyer insisted that we leave the ironing board behind.” “After closing, when we went back to our new home, the sellers had left Grandma behind!”
You might have heard some funny stories about home sellers from your friends and family, but not all home sales happen on the open market between individuals. If you’re looking for a cheaper house or a fixer-upper, you could end up dealing with a bank or government agency instead.
That’s not necessarily a bad thing; in fact, it can work in your favor because there’s generally less haggling and negotiation. If you’re looking at alternative sellers, you’ll soon stumble across homes dubbed “Fannie Mae HomePath.”
These houses might look like a great deal, and some of them are… but what exactly is a Fannie Mae HomePath property? Let’s answer some basic questions so you can decide whether it’s a fit for you.
