does Homepath have looser credit requirements?

No.. the only requirement that's different with HomePath is they don't require an appraisal, there's no mortgage insurance, so you don't have to be underwritten for that, and they only require 3% down. Other than that, the underwriting guidelines are no different than a regular conventional loan. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

I may add the less you put down on this program the more strict the guidelines are for credit and assets.Diana C. HartReal Estate Loan SpecialistSand Dollar MortgageDRE# 01262347NMLS# 244229"Home is where the Hart is"Email: loangodiss@aol.com Website: caloangoddess.com951.674.2214 Direct951.880.1576 Fax

You may also want to look at FHA Financing. For those that are unable to get approved via conventional financing, FHA is still a good option. Interest rates are lower then home path. 3.5% is minimum. Drawbacks are: Requires appraisal (any heath and safety issues found would need to be fixed) and the mortgage insurance is for the life of the loan. Jeff Phillips415-867-6488

No, but you have lower down payment than FHA.