Wells Fargo Home Mortgage Announces Lending Approval
for Fannie Mae Homepath Loans

In a surprise announcement Wells Fargo Home Mortgage has become only one of a handful of approved lenders to offer the new Fannie Mae Homepath loans.  The highlight of this new loan product is to allow borrowers to purchase and finance Fannie Mae foreclosures which includes both owner occupied and non-owner occupied financing options.

Here’s just some of the details for the Fannie Mae Homepath loan program: 

 - Minimum 660 middle FICO score required
 - Appraisals are NOT required – LTV determined by list price or sales price whichever is lower
 - Great for first time homeowners AND Investors
 - 97% LTV Primary Residence
 - 95% LTV Second Home
 - 90% LTV Investor (75% LTV for 5+ properties)
 - No monthly Mortgage Insurance payments
 - Owner Occupied AND Investment Property
 - Down payment can be 100% gifted (owner occupied only)
 - Property must be listed for sale with the Fannie Mae HOMEPATH program
 - NO declining market restrictions
 - Relaxed debt to income ratios for excellent credit

 LET Wells Fargo Home Mortgage BE YOUR ‘ONE STOP SHOP’!