Agree with Gregorio, the drawback is that Homepath is only available for Fannie Mae owned properties. So if you can find an Fannie Mae REO that works for you, then great, if not, then your looking at putting 20-25% down with conventional financing.
Typically, any investment is going to require 20-25% down, depending on the loan amount, property type and other related items. I don't know any lenders offers loans with MI that high for investments. If I can be of further assistance, please let me know.
First Capital Mortgage
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