As a leading Dallas Texas mortgage lender, Interlinc Mortgage is proud to offer Fannie Mae HomePath® financing! A special program offered exclusively to purchasers of Fannie Mae’s current real-estate owned (REO) properties.  These homes are sometimes referred to as Foreclosures.  Our business model is tailor fit for Real Estate Agents and their clients. We pride ourselves on being an expert at HomePath Mortgages. We typically close HomePath Loans in under 30 days. I guarantee after using Interlinc Mortgage as your HomePath source we will exceed your expectations and make you a client for life.

Key Benefits of the HomePath® financing option: 

With lower down payment options and less stringent requirements, HomePath financing can help you purchase your new home!

• Low down payment (as little as 5%, some lenders may only require 3%) 
• Flexible mortgage terms (fixed-rate, adjustable-rate, or interest-only)
• No Mortgage Insurance Required
• No Appraisal Required Seller Contributions up to 6%
• Available to both owner occupiers and investors

Who is HomePath For?

Anyone!  HomePath offers very affordable homes with great financing options for all buyers whether you are a first time home buyer or seasoned investor!

Special Offers

Fannie Mae's innovative First Look period contributes to neighborhood stabilization by encouraging home ownership. During this period, owner occupants, public entities, and their partners can submit offers and purchase properties without competition from investor offers.

How Interlinc Mortgage Can Help:

Interlinc Mortgage is here to help you every step of the way.  When you get in touch with a home loan expert by calling 866-430-7767, we’ll get started right away by! 

1. Your home loan expert can get you pre-approved and let you know exactly how much home you can afford. We stand behind our pre-approvals and will screen the borrowers to ensure they are qualified. We want to make sure when you make an offer on a home the financing is secure. 

2. When you’re ready to make an offer, your agent and your home loan expert will work together to get you to the closing table as soon as possible. We make every effort to have you signing your loan docs and in your home in 30 days. 

3. Work with title and escrow companies to ensure we are hitting or target close date and following up with both agents. We understand the time sensitive nature of Purchase Contracts and will work to meet all deadlines.

Understanding that purchasing a home is one of the biggest financial decisions you’ll ever make we want to make the process as smooth and easy as possible. You will find that most of the work will be handled by Interlinc Mortgage and its team. We feel it’s important to ease the uncertainties of the loan process and provide answers to the unasked questions.

Make us your HomePath Mortgage choice and we guarantee a pleasant experience. 

Why does Fannie Mae have properties for sale?

Fannie Mae works with all of its partners to help homeowners prevent and avoid foreclosure; however, sometimes it is unavoidable. When foreclosures occur on mortgages in which Fannie Mae is the investor, our goal is to sell properties in a timely manner in order to minimize the impact on the community.

What kinds of properties are available in the Fannie Mae HomePath database?

Fannie Mae's HomePath database includes only properties that are owned by Fannie Mae. There is a wide selection of homes, including single-family homes, condominiums, and town houses—located in a variety of neighborhoods. The number, types and the sales prices of the homes that are offered for sale may vary substantially. Many of these homes are relatively new; however, older homes are offered in some areas. Some homes may require repairs.

How is buying a home owned or managed by Fannie Mae different from other home purchases?

Usually, when you buy a home, you deal with a seller who lives in the home. Fannie Mae has acquired these properties through foreclosure, deed in lieu of foreclosure, or forfeiture.

When buying a Fannie Mae-owned home, you should know the condition of the property, as explained in more detail below, the cost of any needed repairs, and the steps in the loan qualification and closing process before you enter into a purchase and sales agreement.

Has Fannie Mae fixed everything in the house?

Fannie Mae may make some repairs to properties to increase their marketability; however, the buyer should be aware that other repairs may be needed. Fannie Mae sells each property "as is," which means that the buyer accepts the property "as is." Fannie Mae is not responsible for fixing any problems after settlement.

Even if the house has fresh paint, brand new carpet, new appliances, perhaps even a new roof or siding, it doesn't mean everything in the house is new, or even works.

Fannie Mae does not warrant or guarantee any work that may have been done on the property, whether as part of its efforts to sell the home or pursuant to conditions in the purchase contract. Where a home warranty is available, you may wish to buy it at your own expense.

You should also consider hiring a qualified professional to inspect the property, whether it has been repaired or not. Hiring a home inspector is a recommended practice, no matter what type of home you buy.

What can you tell me about this house?

If Fannie Mae knows of any hazards on properties we own or market, we disclose this information through our real estate listing agents. However, we may not have been informed by the previous owner of all hazards. We encourage you to have the property inspected by a professional before you buy.

What type of sales contract does Fannie Mae use?

Fannie Mae uses a state-specific real estate purchase contract and a real estate purchase addendum for our properties. If there is anything in the document you don't understand or aren't comfortable with, you may want to contact a real estate attorney, the real estate sales professional who has listed the property, or any real estate professional of your choice to review these documents with you.

Do I have to use Fannie Mae's selected title, settlement, or escrow companies?

No. You may designate the title, settlement, or escrow company of your choice, subject to the terms of the contract.

Will Fannie Mae accept an offer contingent on the sale of my house?

No, Fannie Mae will not accept offers contingent on the sale of your current home. Other types of contingencies will be considered on a case-by-case basis.

Why does Fannie Mae request a lender's prequalification statement before negotiating a home purchase offer?

Fannie Mae does not require a prequalification statement or letter before negotiating an offer. However, by obtaining this statement or letter, you better position yourself to get financing and complete the sales transaction in a timely manner. Prequalification allows you to see how much house you can afford and the mortgage amount you may be able to qualify for before you make an offer on a home. It also helps you focus on homes in an affordable price range.

A loan prequalification doesn't mean your loan is approved. You must apply for a loan separately, after you are prequalified and your purchase offer is accepted.

You may obtain a loan prequalification or a loan pre-approval at the lender of your choice.  To take advantage of our special financing, we encourage you to work with Interlinc Mortgage a HomePath-approved lender. 

Can I buy a house directly from Fannie Mae without going through a real estate sales professional?

No. Fannie Mae depends on the expertise of local real estate sales professionals and accepts offers only through our real estate listing agents. You may work with any real estate sales professional to submit an offer to the real estate agent who has listed the property.

What happens if Fannie Mae gets more than one offer?

All interested parties may be asked to submit their best offer in writing though the listing agent no later than a specified date and time. Fannie Mae may accept or provide a counteroffer that we determine to be in our best interest. Fannie Mae is not obligated to accept any offer submitted.

How can I learn more about Fannie Mae homes?

To learn more about Fannie Mae homes, click here

Where can I find home buying tips?

To obtain general information on purchasing a home click here.

Where can I find information on foreclosure prevention?

To obtain information on preventing foreclosures click here

What additional home buying resources are available?

For additional resources about the home buying process click here.