Kentucky homebuyer guidance • HomePath • Conventional / FHA / VA / USDA strategies
Fannie Mae HomePath in Kentucky: is the HomePath loan still available?
If you’re house-hunting in Kentucky and someone tells you “look for a HomePath loan,” here’s the straight answer: the dedicated HomePath mortgage products were retired years ago, but HomePath homes are still for sale.
Key point: HomePath is still a place to find Fannie Mae-owned homes, but the special HomePath loan products (HomePath Mortgage and HomePath Renovation Mortgage) were discontinued effective October 7, 2014.
What HomePath is today
HomePath is Fannie Mae’s platform for marketing and selling homes it owns (often called REO properties). These can include single-family homes, condos, and townhomes, and they’re commonly sold in as-is condition.
What changed: the HomePath loan ended, not the HomePath homes
Historically, HomePath had dedicated financing options tied specifically to those properties. Fannie Mae retired those HomePath mortgage products in 2014. That means there is not a current, stand-alone “HomePath loan program” you can apply for today.
How Kentucky buyers finance HomePath homes now
Today, HomePath properties are typically financed using the same modern mortgage products you’d use on other homes, assuming the property meets the loan’s condition requirements and appraisal standards.
Conventional options
- Standard conventional financing (varies by down payment, credit, and property condition)
- Low-down-payment conventional programs may be possible for qualified first-time buyers
Practical note: if the home is in decent shape, conventional can be a strong fit with competitive pricing.
Government options
- FHA: can be more flexible on credit, but strict on property condition and repairs
- VA: for eligible veterans, often strong terms if the property meets VA standards
- USDA: for eligible rural areas and income limits, if the home qualifies
Practical note: if the home needs repairs, your financing path may depend on what the appraiser requires.
What to watch for on HomePath properties in Kentucky
1) As-is sale language and repair reality
“As-is” does not mean “no inspection.” It means you should plan on doing your due diligence and budgeting for repairs. Condition can directly affect what loan type will work.
2) Owner-occupant priority windows
HomePath listings often have an initial marketing period designed to favor owner-occupants and certain community buyers before investors are considered. Bottom line: being fully pre-approved and ready to move quickly matters.
3) Appraisal and property standards
The best loan is the one that can actually close on the specific property. Some homes will sail through an appraisal; others may require repairs before a lender can fund the loan. Your pre-approval should include a clear plan for property-condition risk.
Action plan for Kentucky homebuyers looking at HomePath homes
- Get a real pre-approval (not just an online pre-qualification).
- Have your agent flag HomePath/REO listings early and confirm the offer process expectations.
- Decide upfront: conventional vs FHA/VA/USDA based on condition and your goals.
- Write offers with a timeline that matches lender underwriting and appraisal reality.
- Keep a contingency budget for repairs, inspections, and appraisal-driven items.
Want a quick HomePath financing fit-check?
Share the property address (or MLS link) and your rough profile, and I’ll tell you what financing lanes are realistic and what red flags to watch for before you spend money on inspections.
Note: submitting this form does not create a loan approval or commitment to lend.
FAQ
Is the Fannie Mae HomePath loan still available?
No. The dedicated HomePath mortgage products were retired effective October 7, 2014. HomePath still exists as a site to search Fannie Mae-owned homes, but financing is done through today’s standard loan programs.
Can I still buy a HomePath home in Kentucky?
Yes. HomePath is a marketplace for Fannie Mae-owned REO properties, and those homes can be purchased by eligible buyers using conventional or government loan programs, depending on property condition and eligibility.
What’s the biggest mistake buyers make with HomePath/REO homes?
Assuming every loan type will work the same way. Property condition and appraisal requirements can change financing options quickly, so buyers should get a pre-approval that includes a plan for condition-related items.
Compliance disclosures (edit as needed): Equal Housing Lender. Not affiliated with, sponsored by, or acting on behalf of any government agency. Not a commitment to lend. All loans subject to credit approval, underwriting, and program guidelines.
Schema Name: Joel Lobb, Mortgage Broker FHA, VA, KHC, USDA
Kentucky First-Time Home Buyer Programs | USDA, FHA, VA & KHC Loans 
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