Fannie Mae's HomePath ProgramHomePath* is a special loan program from Fannie Mae with unique incentives for buyers. Financing for HomePath loans is available only through select lenders.
HomePath mortgages allow borrowers to purchase a Fannie Mae-owned property with a low down payment (as low as 3%*), flexible mortgage terms, no lender-requested appraisal and no mortgage insurance. Expanded seller contributions to closing costs are allowed.
Benefits & Property Parameters*
- Maximum Loan Amount: $417,000 (Conforming and High Balance Conforming Limits May Vary In Certain Areas)
- LTVs/CLTVs/HCLTVs: Standard Conforming & High Balance Conforming Loan Program Guidelines Apply
- Secondary Financing: Allowed
- Appraisal: No Lender-Requested Appraisal Required
- Occupancy: Primary Residence/Second Home/Investment Property
- Transaction Type: Purchase
- Property Eligibility: Single Family (Detached or Attached)/PUD/Condominium
Our Auction.com TeamNetwork Funding has put together a team of mortgage professionals whose primary responsibility is assisting clients interested in properties from auction.com.
In order to provide the highest level of service and the fastest loan processes available, this auction.com team is strategically based out of Network Funding's corporate office in Houston. Members of our team attend many ballroom auctions across the country and are accessible to online auction clients as well. read more
Network Funding's HistoryNetwork Funding, LP began when two longtime colleagues, Rex Chamberlain and Buzz Baker, regrouped to form a Texas wholesale mortgage company. Rex and Buzz shared a combined 50 years of experience in the retail/wholesale mortgage banking business.
In 2000, they set out to change their strategic focus to offer qualified mortgage originators branch opportunities by filling what they believed to be a void created in the mortgage industry. Together, they recognized that during the migration of the industry from retail to wholesale/broker origination production channels, a gap in the control of client business and scalability was created. To capitalize on this, they created a structure that combined the high-level of service from the broker industry with the quality control and financial strength of the lending industry. read more
Auction.com AffiliationNetwork Funding is proud to announce that we have become the newest vendor-addition to auction.com's live ballroom and online auctions.
As a private mortgage lender, we look forward to complimenting auction.com's great customer service with our financial strength, industry expertise and customer care. read more