HomePath mortgage for HUD property (appraiser, foreclosure, properties, broker)

[ChicagoLite]

I am an investor.I have a pre-approval for a conventional mort. from a mortgage broker. I have an offer signed for a HUD SF property. The appraiser went to the property and mentioned that there is no running water and getting loan might be difficult. Can we avail HomePath for HUD property? If yes, where and how to start a HomePath loan process? Thanks in advance.

[AZJoeD]

Your are probably looking for a HomePath Renovation Loan. If your current lender is not a HomePath lender, go to:

Foreclosure.com | Foreclosures | Foreclosure Listings for lenders in your area.

Terms for an investor loan will be different than for an owner occupied home. The lender will be able to explain the terms and costs.

[Silverfall]

HomePath is for Fannie Mae properties. HUD is not Fannie Mae. Did you have the property dewinterized?

[ChicagoLite]

I checked with my lender ,a homepath lender too, and he said that this HUD property is not eligible for HomePath. My realtor is talking to the Assset Mgr about de-winterizing. In the meantime , I am looking for other options to finance the purchase.

[mattywo85]

Is it worth to put in an backup offer on a HomePath property already 'under contract'?