Asked by Christie, 48135 • Mon Apr 9, 2012
I have been preapproved for an FHA loan. I have seen Fanny Mae homes that I'm interested in but they are only approved for Homepath Renovation financing as opposed to the regular Homepath mortgage. I know that I can use FHA financing on a Fanny Mae property but I also know how "picky" FHA is in regard to the condition of the home. I am wondering if a house listed as "Homepath Renovation" only will have so much work to be done that I wouldn't be able to get it with a regular FHA loan. Does anyone have any insight on this?
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