Fannie mae homepath Meaning and Definition
Fannie Mae Homepath
Pronunciation
/ˈfeɪni ˈmeɪ ˈhoʊmˈpæθ/
Part of Speech
Noun
Definition
A government-backed mortgage program by Fannie Mae that provides financing for homebuyers, allowing them to purchase a home with a low down payment and flexible credit requirements.
Examples
- The couple used a Fannie Mae Homepath loan to purchase their first home.
- Fannie Mae Homepath offers a more affordable option for first-time homebuyers.
Synonyms
- Mortgage program
- Government-backed loan
Antonyms
- Private mortgage
- Unbacked loan
Etymology
Fannie Mae Homepath was created by Fannie Mae, a government-sponsored enterprise that provides financing for the housing market.
Additional Information
Fannie Mae Homepath is designed to make homeownership more accessible by providing financing options for homebuyers with less than perfect credit or limited down payments. The program offers competitive interest rates and flexible repayment terms, making it an attractive option for those looking to purchase a home.
Fannie Mae Homepath is not only limited to first-time homebuyers but also offers options for repeat buyers and those purchasing condos or townhouses.
Usage Notes
Fannie Mae Homepath is typically used in the context of mortgage financing and real estate transactions.
Cultural References
Fannie Mae Homepath has been referenced in several financial news articles and real estate websites.
Idiomatic Expressions or Phrases
None found
Related Words or Phrases
- Fannie Mae
- Homebuying
- Mortgage
Collocations
- Fannie Mae Homepath loan
- Fannie Mae Homepath mortgage
Frequency of Use
Fannie Mae Homepath is a frequently used term in the mortgage industry and real estate transactions.
Common Misspellings
- Gerbera
- Homepath only