HomePath Mortgage and HomePath Renovation Mortgage
o 30 year mortgage
o Must be owned by Fannie Mae and designated as Homepath
o Max 45% DTI with flexibilities offered up to 50% DTI
o Purchase only
o Primary/second/investment homes
o No appraisal required
o For renovation 35% of the "as completed" appraised value or $35k

FHA Fixed-Rate Mortgage and FHA 203 (k) with repairs--- expanded guidelines
o Up to 50% Debt to Income
o Minimum FICO starts at 620
o Government Down Payment Assistance acceptable
o Up to 6% for seller contributions
o 96.5% LTV may have higher CLTV
o FHA approved condo list