Colonial National Mortgage is a Fannie Mae-approved lender for the HomePath® Mortgage and the HomePath® Renovation Mortgage.

HomePath® Mortgage features:

• $50,000 minimum loan amount
• Minimum credit score of 660 is required
• Select from a wide inventory of Fannie Mae's real estate owned (REO) properties
• High loan-to-value ratios
• 3% down payment
• 15% down payment on 1-unit investment properties
• No appraisal requirement
• No mortgage insurance requirement
  Seller Concession of 6% to Buyer costs
• Financing available for renovation
• No condos in AZ, CA, FL, MI or NV

HomePath® Renovation Mortgage features:

• Primary residences, second homes and investment properties
• $50,000 minimum loan amount
• Minimum credit score of 660 is required
• Renovation loans are not available from Colonial National Mortgage in New York, New Jersey, Delaware, North Dakota, South Dakota as well as Florida Counties of Broward, Collier, Charlotte, Dade, Lee and Sarasota.
• High loan-to-value ratios
• Renovation component is built into loan amount
• Appraisal required
• Renovation must be completed within 6 months of closing
• No condos

HomePath® is a registered trademark of Fannie Mae.