Fannie Mae's HomePath program offers affordable home loans for purchasing REO properties with minimum down payments as low as 3-5% and flexible terms. Borrowers may qualify for fixed-rate or adjustable-rate mortgages within conforming or high-balance loan limits even with less than perfect credit. The program provides homes with no mortgage insurance or appraisal requirements. Contact a HomePath authorized lender like Mortgage Advisory Group for current special incentives from Fannie Mae.