If you buy a Fannie Mae home that states it qualifies for Home Path financing you can purchase the home for 5% down payment and have NO mortgage insurance premium. They also offer this financing as a renovation loan that you can include up to 20% or $30,000 to fix up the home. To make this deal even better, they are temporarily offering an incentive from now until April 30, 2010. This incentive includes Fannie Mae paying 3.5% of the closing costs or you can use that amount to purchase new appliances. There are few lenders who can provide Home Path financing. We are one of them. Call for further details.