Great question! Especially good answer by Tim though most if not all homepath properties are on the MLS!
The real answer is in what you qualify for. Many of the "special" programs have income limitations. So when speaking to a mortgage professional you will need to provide those answers. Some mortgage professionals will "sell" you on what they have...and some will tell you what's available outside of their offerings..Most Mortgage companies have "good money" meaning good rates in specific products..say a 5/1 arm may be best at Bank of America and a 30 year fixed jumbo may be best at Suntrust...etc.
A good well connected Realtor will qualify you based on your needs and desires...income..how long you will live in/own the property, payment etc. and will set you with the appropriate lender who has the best product for you. There are grants available and special programs if you join certain credit unions as well.
Best to be armed with info. because this is a decision that sticks for few years minimum! Have a great day and best of luck!!!
Erik J. Weisskopf, ABR,CDPE,CRS,GRI