Hi Danielle. Just because the house qualifies for a Homepath renovation loan does not mean you have to get the Homepath renovation loan, nor does it necessarily mean that the house needs renovation. I have seen properties that qualified for Homepath renovation, but only needed a brokern window replaced. I think the appliances incentive expired April 30th, but it does not hurt to ask the loan officer who deals with Homepath loans whether the program has been extended. I don't think your offer has a better chance if you write it with Homepath loan vs. FHA.
Ferdig Real Estate Solutions