Fannie Mae to Offer 3.5 Percent Buyer Assistance
Fannie Mae recently
announced that people purchasing a Fannie Mae-owned HomePath property will
receive up to 3.5 percent in closing cost assistance. The initial offer must be
submitted on or after April 11, 2011; and the sale must close on or before June
30, 2011, to be eligible for the incentive. Additionally, buyers must reside in
the home as their primary residence (sales to investors are excluded).
All Fannie Mae-owned HomePath properties are listed on HomePath.com and
most listings include detailed property descriptions, photographs, community
and school information, and more. In addition, many Fannie Mae-owned properties
are eligible for special HomePath Mortgage and HomePath Renovation Mortgage
financing, which offers home buyers an opportunity to purchase with as little
as 3 percent down.
More info...