Express path financing is available only on Fannie Mae REO properties.  This is a special type of financing that can make getting into the home of your dreams a reality as there is a very low down payment of $500, low interest rates, waived mortgage insurance, and 15 or 30 year terms.  Consider going with express path financing if you want a REO property.

Expresspath financing was developed specifically to get homes off Fannie Mae’s books.

Express Path financing uses a low down payment fee (also known as LDPF), which means the mortgage insurance is not built into the rate. Buyers are able to compare rates from other lenders more easily with LDPF. For owner occupied single family homes, 100 percent of the loan can be financed through expresspath.  A property must be “owner occupied ready” to qualify for expresspath financing.  The NPDC is authorized to make repairs themselves to make a home owner occupied ready.


You will get a low down payment loan with an interest rate between 0 and 3 percent.  Expresspath financing is available in 15 and 30 year loan periods.

Investors may receive appraisal waivers, reduced documentation, and all of the PHH Mortgage Guarantees

Additionally, manufactured homes are eligible for expresspath financing if they are coded correctly.  The maximum loan to value on a manufactured home is 95 percent.  Unlike traditional properties, manufactured homes must be owner occupied to qualify for expresspath financing.

One of the benefits of expresspath financing is that the appraisal is done before the home goes to market.  If you are looking to buy a new home in today’s market, give expresspath financing a second look.

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