Complete Fannie's homebuyer course and get up to 3% of purchase price in closing cost credit on any HomePath REO.
Fannie Mae's HomePath sells its foreclosed inventory with owner-occupant priority (First Look period), 3% down conventional financing (HomeReady), no appraisal gap coverage, and — after completing the free HomePath Ready Buyer course — a 3% closing cost credit. Stacks with lender credits and seller concessions. HomePath homes often price 5–15% below comparable retail.
Click Generate advisory deep dive for mechanics, IRC citations, a step-by-step execution plan, a worked numeric example on your profile, costs, risks, and this-week actions.
Eligible veterans buy with $0 down, no PMI, and assumable rates.
0% down in USDA-eligible areas — includes many suburban zip codes.
Neighborhood Assistance Corp of America — below-market rate, zero down.
Fannie / Freddie low-income programs — 3% down + reduced PMI.
1.25–2.25% down for enrolled tribal members — nationwide.
State / county / employer DPA — $5K–$50K forgivable or 0% deferred 2nd.
$100 total down on FHA-repossessed homes for owner-occupants.
3.5% down + rehab budget rolled into one loan — buy distressed properties.