You can still buy a Fannie Mae HomePath property, but Fannie Mae has retired the former HomePath Mortgage and HomePath Renovation Mortgage offers. A property listing does not guarantee financing, waive mortgage insurance, or remove an appraisal requirement.
What is a HomePath property?
Fannie Mae uses HomePath to market properties it owns and sells. Review the official HomePath buyer FAQs and current listings for information about a home, the seller, and the offer process. Then work with a real estate professional to understand the listing and proposed purchase contract.
The old HomePath Mortgage offer is historical
In its 2014 Selling Guide announcement, Fannie Mae announced plans to discontinue the negotiated HomePath Mortgage and HomePath Renovation Mortgage financing options. When evaluating a purchase today, use current financing requirements rather than older descriptions of those offers.
For financing today, the current Selling Guide rules for loans secured by HomePath properties describe specific exceptions and conditions. The lender must identify which rules apply to your transaction. Do not assume that every HomePath property or buyer receives the same financing treatment.
Ask about current financing and buyer assistance
HomeReady is a current Fannie Mae mortgage option for eligible borrowers. Fannie Mae also allows eligible buyers to use it for properties outside HomePath. A lender must confirm income, credit, property, and other requirements before recommending it.
Fannie Mae also describes HomePath Ready Buyer assistance for eligible first-time buyers who complete HomeView education and purchase a HomePath property. Eligible buyers may combine this assistance with HomeReady. Before counting assistance in your budget, ask your agent and lender to confirm current eligibility, documentation, and offer requirements. Completing the course alone does not establish mortgage approval.
Review the property and the total budget
Before committing, ask how the property’s condition affects the proposed loan. Also ask which inspection, appraisal, or repair reviews the transaction requires. Arrange professional advice about the home and contract. A lender’s appraisal decision does not replace your own inspection and due diligence.
- Confirm the property address and current listing information.
- Discuss intended occupancy and the financing timeline.
- Estimate down payment, closing costs, and any required repairs.
- Ask whether you have approval for any buyer assistance and how the transaction will account for it.
- Keep a savings plan for costs or repairs that financing does not cover.
Use our purchase planning guide and loan options page to prepare for a financing conversation. Contact NorthStar Funding with the listing address and a brief summary of your plans. If the lender requests financial records, ask for a secure document channel.
Reviewed October 13, 2026. General education only; not an offer of a HomePath mortgage, approval, or commitment to lend. Financing and assistance depend on current requirements and individual review.