Short Sales and FORECLOSURES

Home Path by Fannie Mae.

Homepath.com is a website where you can search for hundreds of short sale and foreclosed properties in Central Florida.

Starting the home buying process.

If you're looking to buy a HomePath home, whether you're buying your first home or your fifth, the experience can be exciting, confusing, overwhelming and wonderful — all at once! Buying a Fannie Mae-owned home isn't much different. We're here to help you through the process with tools and resources.

Are you ready to become an owner?

Making the decision to buy may seem more like a giant leap than a first step, but it doesn't have to. The key is to do your homework and be prepared—whether you're buying a home next year or next month. Determine what you can afford, consider the location and what you need in the home. If necessary, work with a lender or mortgage financing professional to determine your options including how much you will need for a down payment. A pre-qualification letter always expedites the contract process when you're ready to make an offer on a property on HomePath.com.

First look program

Find a home during First Look

HomePath offers owner occupants (homebuyers who will live in the home as their primary residence) an exclusive "first look" at newly listed foreclosed properties. During the First Look™ marketing period, you can make an offer and purchase a HomePath home without competition from investors. Look for the First Look logo to see which properties are still in the First Look marketing period.

Fannie Mae's innovative First Look marketing period was created to promote homeownership and contribute to neighborhood stabilization — allowing homebuyers to negotiate and purchase foreclosed properties before they are made available to investors.

First Look is typically the first 20 days a property is listed on HomePath.com (Nevada is 30 days).
Properties in the First Look period have a countdown clock on the property information page of HomePath.com displaying the days remaining to purchase.
Eligible buyers during First Look are owner occupants*, public entities and their partners, and some non profits.

Investor offers submitted after the First Look period expires will be considered along with all other offers.

Ask a Fannie Mae listing broker for more details. If you are concerned that the First Look marketing period is not being handled appropriately on a particular property, contact the Fannie Mae Resource Center immediately at 1-800-232-6643.

Home Path Ready Buyer Program

Ready Buyer Program

Buying a home can be a daunting process, especially for first-time Buyers. At HomePath, we support smart and sustainable homeownership. That’s why we have partnered with Framework, a leading provider of homeownership education, to offer an interactive, online course perfect for first-time homebuyers who are on the go.

In addition to breaking down the home buying process into easy-to-grasp lessons online, you can also benefit by receiving up to 3% closing cost assistance toward the purchase of a HomePath property. It’s simple; just successfully complete the online course to receive a course completion certificate. Give it to your real estate agent to include it when submitting your initial offer on a HomePath property.

Plus, completion of the HomePath Ready Buyer™ course also meets the homeownership education requirement for Fannie Mae purchase loans*.

Homeownership Education Requirements

For HomeReady, if ALL occupying borrowers are first-time homebuyers, then at least one borrower must complete the HomePath Ready Buyer™ course, regardless of LTV.
For other purchase transactions where LTV, CLTV, or HCLTV > 95%, if ALL occupying borrowers are first-time homebuyers, then at least one borrower must complete the HomePath Ready Buyer™ course, regardless of the product chosen.

Find out more

Financing

Financing Opportunities for HomePath Homes

A foreclosed property can represent a great opportunity and a good value — but a HomePath property can offer even more. Some homes may qualify for special incentives, which will be clearly indicated on the property details page of an eligible property.

For many homebuyers, finding their perfect house is the easy part – finding the right financing for their circumstances can be harder. Fannie Mae has several financing options. The mortgage options address the financing challenges of multigenerational households, such as parents, adult children, and others sharing a home, as well as low- and moderate-income households.