Month: July 2014

• Fannie Mae HomePath
• Mortgage Programs

Heads Up: Fannie Mae Cancels the HomePath and HomePath Renovation Programs

By Leesa Sandoval

July 30, 2014

Have you heard the news? As of October 6, 2014 the HomePath and HomePath Renovation Programs will be history. That’s right; Fannie Mae recently announced that they are retiring this loan program. Any person purchasing a Fannie Mae owned property wishing to use either a HomePath or a HomePath Renovation loan must have a fully executed contract dated on or before October 6, 2014. Fannie Mae has yet to state the date the loan must close but it’s speculated that it would need to close by January/February of 2015.