{"id":93156,"date":"2022-04-30T03:46:00","date_gmt":"2022-04-30T03:46:00","guid":{"rendered":"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/"},"modified":"2022-04-30T03:46:01","modified_gmt":"2022-04-30T03:46:01","slug":"how-do-you-buy-a-fannie-mae-foreclosure","status":"publish","type":"post","link":"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/","title":{"rendered":"How do you buy a Fannie Mae foreclosure?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_53 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6650fcdcbe0e5\"><span class=\"\"><span style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6650fcdcbe0e5\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#How_do_you_buy_a_Fannie_Mae_foreclosure\" title=\"How do you buy a Fannie Mae foreclosure?\">How do you buy a Fannie Mae foreclosure?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#Does_Fannie_Mae_negotiate_on_foreclosures\" title=\"Does Fannie Mae negotiate on foreclosures?\">Does Fannie Mae negotiate on foreclosures?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#Can_I_buy_a_house_directly_from_Fannie_Mae\" title=\"Can I buy a house directly from Fannie Mae?\">Can I buy a house directly from Fannie Mae?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#What_happens_when_Fannie_Mae_foreclosures\" title=\"What happens when Fannie Mae foreclosures?\">What happens when Fannie Mae foreclosures?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#How_do_I_buy_a_Fannie_Mae_foreclosure\" title=\"How do I buy a Fannie Mae foreclosure?\">How do I buy a Fannie Mae foreclosure?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#How_do_you_buy_Fannie_Mae_property\" title=\"How do you buy Fannie Mae property?\">How do you buy Fannie Mae property?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#Can_you_pay_cash_for_a_Fannie_Mae_HomePath_property\" title=\"Can you pay cash for a Fannie Mae HomePath property?\">Can you pay cash for a Fannie Mae HomePath property?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#How_do_you_make_an_offer_on_a_Fannie_Mae_foreclosure\" title=\"How do you make an offer on a Fannie Mae foreclosure?\">How do you make an offer on a Fannie Mae foreclosure?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#Can_you_buy_foreclosure_with_Fannie_Mae\" title=\"Can you buy foreclosure with Fannie Mae?\">Can you buy foreclosure with Fannie Mae?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#Can_you_negotiate_a_lower_price_on_a_foreclosed_home\" title=\"Can you negotiate a lower price on a foreclosed home?\">Can you negotiate a lower price on a foreclosed home?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#How_do_you_qualify_for_a_Fannie_Mae_HomePath_property\" title=\"How do you qualify for a Fannie Mae HomePath property?\">How do you qualify for a Fannie Mae HomePath property?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#Can_I_borrow_directly_from_Fannie_Mae\" title=\"Can I borrow directly from Fannie Mae?\">Can I borrow directly from Fannie Mae?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#Does_Fannie_Mae_sell_houses\" title=\"Does Fannie Mae sell houses?\">Does Fannie Mae sell houses?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#Can_you_negotiate_a_Fannie_Mae_home\" title=\"Can you negotiate a Fannie Mae home?\">Can you negotiate a Fannie Mae home?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#How_does_Fannie_Mae_sell_foreclosed_homes\" title=\"How does Fannie Mae sell foreclosed homes?\">How does Fannie Mae sell foreclosed homes?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#What_happens_if_you_default_on_a_Fannie_Mae_loan\" title=\"What happens if you default on a Fannie Mae loan?\">What happens if you default on a Fannie Mae loan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#What_is_a_Fannie_Mae_foreclosure\" title=\"What is a Fannie Mae foreclosure?\">What is a Fannie Mae foreclosure?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#How_hard_is_it_to_buy_a_Fannie_Mae_HomePath_property\" title=\"How hard is it to buy a Fannie Mae HomePath property?\">How hard is it to buy a Fannie Mae HomePath property?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#Can_anyone_buy_a_Fannie_Mae_property\" title=\"Can anyone buy a Fannie Mae property?\">Can anyone buy a Fannie Mae property?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#What_does_it_mean_to_buy_a_Fannie_Mae_HomePath_property\" title=\"What does it mean to buy a Fannie Mae HomePath property?\">What does it mean to buy a Fannie Mae HomePath property?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#How_do_you_bid_on_a_Fannie_Mae_HomePath_property\" title=\"How do you bid on a Fannie Mae HomePath property?\">How do you bid on a Fannie Mae HomePath property?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#How_do_you_buy_a_Fannie_Mae_property\" title=\"How do you buy a Fannie Mae property?\">How do you buy a Fannie Mae property?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#Can_you_negotiate_Fannie_Mae_HomePath\" title=\"Can you negotiate Fannie Mae HomePath?\">Can you negotiate Fannie Mae HomePath?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#How_long_does_it_take_to_close_on_a_Fannie_Mae_HomePath_property\" title=\"How long does it take to close on a Fannie Mae HomePath property?\">How long does it take to close on a Fannie Mae HomePath property?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/#Will_Fannie_Mae_accept_low_offers\" title=\"Will Fannie Mae accept low offers?\">Will Fannie Mae accept low offers?<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_do_you_buy_a_Fannie_Mae_foreclosure\"><\/span>How do you buy a Fannie Mae foreclosure?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>If you decide to purchase a Fannie Mae HomePath property, you&#8217;ll have to go through the following steps.<\/b><\/p>\n<li>Find a Real Estate Agent. The first step is to find an experienced agent you trust.  <\/li>\n<li>Get Preapproved.  <\/li>\n<li>Browse HomePath Properties.  <\/li>\n<li>Complete the Buyer Education Course.  <\/li>\n<li>Submit an Offer.<\/li>\n<h2><span class=\"ez-toc-section\" id=\"Does_Fannie_Mae_negotiate_on_foreclosures\"><\/span>Does Fannie Mae negotiate on foreclosures?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Can you negotiate Fannie Mae HomePath? Through HomePath.com, Fannie Mae sells homes they own that have gone into foreclosure. <b>You can negotiate a Fannie Mae home by making an offer, but as with any home purchase contract, you may lose out to someone who is willing to pay more.<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Can_I_buy_a_house_directly_from_Fannie_Mae\"><\/span>Can I buy a house directly from Fannie Mae?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Fannie Mae&#8217;s Ready Buyer program can help you buy a home with as little as 3% down for first-time home buyers. You may even qualify for up to 3% in closing cost reimbursement. HomePath homes are usually more affordable than standard-market homes, but they&#8217;re also sold in as-is condition.<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_happens_when_Fannie_Mae_foreclosures\"><\/span>What happens when Fannie Mae foreclosures?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>When foreclosures arise on mortgages in which Fannie Mae is the owner\/backer, or when properties are acquired through deeds in lieu of foreclosure or forfeiture, <b>Fannie Mae attempts to sell the properties in a timely manner to minimize potential impacts on the community.<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_do_I_buy_a_Fannie_Mae_foreclosure\"><\/span>How do I buy a Fannie Mae foreclosure?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>From Search to Purchase<\/b><\/p>\n<li>Prepare for a mortgage credit evaluation.  <\/li>\n<li>Get pre-approved to buy a home.  <\/li>\n<li>Visit the Fannie Mae website to view foreclosed homes for sale.  <\/li>\n<li>Contact a licensed real estate agent to discuss Fannie Mae properties that you desire.<\/li>\n<h2><span class=\"ez-toc-section\" id=\"How_do_you_buy_Fannie_Mae_property\"><\/span>How do you buy Fannie Mae property?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Can you negotiate Fannie Mae HomePath? Through HomePath.com, Fannie Mae sells homes they own that have gone into foreclosure. <b>You can negotiate a Fannie Mae home by making an offer, but as with any home purchase contract, you may lose out to someone who is willing to pay more.<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Can_you_pay_cash_for_a_Fannie_Mae_HomePath_property\"><\/span>Can you pay cash for a Fannie Mae HomePath property?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>If you decide to purchase a Fannie Mae HomePath property, you&#8217;ll have to go through the following steps.<\/b><\/p>\n<li>Find a Real Estate Agent. The first step is to find an experienced agent you trust.  <\/li>\n<li>Get Preapproved.  <\/li>\n<li>Browse HomePath Properties.  <\/li>\n<li>Complete the Buyer Education Course.  <\/li>\n<li>Submit an Offer.<\/li>\n<h2><span class=\"ez-toc-section\" id=\"How_do_you_make_an_offer_on_a_Fannie_Mae_foreclosure\"><\/span>How do you make an offer on a Fannie Mae foreclosure?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>HomePath homes are foreclosures owned by Fannie Mae. Fannie Mae&#8217;s Ready Buyer program can help you buy a home with as little as 3% down for first-time home buyers. You may even qualify for up to 3% in closing cost reimbursement.<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Can_you_buy_foreclosure_with_Fannie_Mae\"><\/span>Can you buy foreclosure with Fannie Mae?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>The lower a buyer can negotiate the foreclosure, the lower his monthly mortgage payments will be. Negotiating a lower price also brings homes that were previously prohibitively expensive into a buyer&#8217;s price range.<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Can_you_negotiate_a_lower_price_on_a_foreclosed_home\"><\/span>Can you negotiate a lower price on a foreclosed home?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Some banks will even negotiate the sale and then work hard to line up financing for you. It&#8217;s still a good idea, though, to be reasonably sure of your own ability to finance or purchase before making any offer.<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_do_you_qualify_for_a_Fannie_Mae_HomePath_property\"><\/span>How do you qualify for a Fannie Mae HomePath property?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>To qualify for a Fannie Mae HomePath loan, <b>you must not have owned a house for the last three years. You are also required to use the HomePath property as your primary residence within 60 days after closing.<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Can_I_borrow_directly_from_Fannie_Mae\"><\/span>Can I borrow directly from Fannie Mae?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Because Fannie Mae doesn&#8217;t originate loans, <b>you can&#8217;t get your mortgage directly from Fannie. Banks and non-bank lenders like Rocket Mortgage<\/b>xae are responsible for collecting a client&#8217;s application, underwriting the loan  by verifying income, assets and property value  and getting them to the closing table.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Does_Fannie_Mae_sell_houses\"><\/span>Does Fannie Mae sell houses?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Fannie Mae does not directly sell homes; it only sell homes through real estate brokers. Fannie Mae lists its homes on a Web site called Homepath.com.<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Can_you_negotiate_a_Fannie_Mae_home\"><\/span>Can you negotiate a Fannie Mae home?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Can you negotiate Fannie Mae HomePath? Through HomePath.com, Fannie Mae sells homes they own that have gone into foreclosure. <b>You can negotiate a Fannie Mae home by making an offer, but as with any home purchase contract, you may lose out to someone who is willing to pay more.<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_does_Fannie_Mae_sell_foreclosed_homes\"><\/span>How does Fannie Mae sell foreclosed homes?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Can you negotiate Fannie Mae HomePath? Through HomePath.com, Fannie Mae sells homes they own that have gone into foreclosure. <b>You can negotiate a Fannie Mae home by making an offer, but as with any home purchase contract, you may lose out to someone who is willing to pay more.<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_happens_if_you_default_on_a_Fannie_Mae_loan\"><\/span>What happens if you default on a Fannie Mae loan?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>How Does Fannie Mae HomePath Work? <b>HomePath is an online program through which you can purchase Fannie Mae-owned properties that are going to be foreclosed. Fannie Mae will acquire these properties by a deed-in-lieumeaning that the homeowner voluntarily gives up ownership of their home to the mortgage company.<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_a_Fannie_Mae_foreclosure\"><\/span>What is a Fannie Mae foreclosure?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Under the new policy, defaulting borrowers who were able to pay, or did not complete a workout alternative in good faith <b>will be banned from receiving a new Fannie Mae-backed mortgage loan for seven years from the date of foreclosure.<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_hard_is_it_to_buy_a_Fannie_Mae_HomePath_property\"><\/span>How hard is it to buy a Fannie Mae HomePath property?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>HomePath homes are foreclosures owned by Fannie Mae. Fannie Mae&#8217;s Ready Buyer program can help you buy a home with as little as 3% down for first-time home buyers. You may even qualify for up to 3% in closing cost reimbursement.<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Can_anyone_buy_a_Fannie_Mae_property\"><\/span>Can anyone buy a Fannie Mae property?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Fannie Mae requires that <b>you must not have held any type of homeownership in the last 3 years to qualify as a first-time buyer. You must also plan to use your HomePath home as a primary residence, and you need to move into the property in a timely manner, legally, within 60 days of closing.<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_does_it_mean_to_buy_a_Fannie_Mae_HomePath_property\"><\/span>What does it mean to buy a Fannie Mae HomePath property?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Fannie Mae does not directly sell homes; it only sell homes through real estate brokers. Fannie Mae lists its homes on a Web site called Homepath.com.<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_do_you_bid_on_a_Fannie_Mae_HomePath_property\"><\/span>How do you bid on a Fannie Mae HomePath property?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A Fannie Mae HomePath property is <b>a house that&#8217;s being sold directly by Fannie Mae to an investor or a traditional buyer. There are two situations in which Fannie Mae ends up owning a house. One is if the house has gone through foreclosure and Fannie Mae owned the mortgage on it.<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_do_you_buy_a_Fannie_Mae_property\"><\/span>How do you buy a Fannie Mae property?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>If you decide to purchase a Fannie Mae HomePath property, you&#8217;ll have to go through the following steps.<\/b><\/p>\n<li>Find a Real Estate Agent. The first step is to find an experienced agent you trust.  <\/li>\n<li>Get Preapproved.  <\/li>\n<li>Browse HomePath Properties.  <\/li>\n<li>Complete the Buyer Education Course.  <\/li>\n<li>Submit an Offer.<\/li>\n<h2><span class=\"ez-toc-section\" id=\"Can_you_negotiate_Fannie_Mae_HomePath\"><\/span>Can you negotiate Fannie Mae HomePath?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Fannie Mae&#8217;s Ready Buyer program can help you buy a home with as little as 3% down for first-time home buyers. You may even qualify for up to 3% in closing cost reimbursement. HomePath homes are usually more affordable than standard-market homes, but they&#8217;re also sold in as-is condition.<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_long_does_it_take_to_close_on_a_Fannie_Mae_HomePath_property\"><\/span>How long does it take to close on a Fannie Mae HomePath property?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Can you negotiate Fannie Mae HomePath? Through HomePath.com, Fannie Mae sells homes they own that have gone into foreclosure. <b>You can negotiate a Fannie Mae home by making an offer, but as with any home purchase contract, you may lose out to someone who is willing to pay more.<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Will_Fannie_Mae_accept_low_offers\"><\/span>Will Fannie Mae accept low offers?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Can you negotiate Fannie Mae HomePath? Through HomePath.com, Fannie Mae sells homes they own that have gone into foreclosure. <b>You can negotiate a Fannie Mae home by making an offer, but as with any home purchase contract, you may lose out to someone who is willing to pay more.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How do you buy a Fannie Mae foreclosure? If you decide to purchase a Fannie Mae HomePath property, you&#8217;ll have to go through the following steps. Find a Real Estate Agent. The first step is to find an experienced agent you trust. Get Preapproved. Browse HomePath Properties. Complete the Buyer Education Course. Submit an Offer&#8230;.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_jetpack_newsletter_access":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[833],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How do you buy a Fannie Mae foreclosure? - Studio Apartment Hub<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/studioapartmenthub.com\/how-do-you-buy-a-fannie-mae-foreclosure\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How do you buy a Fannie Mae foreclosure? - Studio Apartment Hub\" \/>\n<meta property=\"og:description\" content=\"How do you buy a Fannie Mae foreclosure? 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