Fannie Mae offers a special program to utilize when purchasing one of their foreclosures. This program is called the Fannie Mae HomePath Renovation Loan. There is also a program simply named Fannie Mae HomePath for homes that need no renovations.
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Another renovation loan has arrived in my arsenal to help get more foreclosures, short sells and homes that just need a little TLC sold. This newest product is the Fannie Mae HomeStyle Renovation Loan and it can be used on any property, not just ones owned by Fannie as the name might imply.
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