Fannie Mae Announces Homebuyer Incentive up to 3.5 Percent Closing Cost Assistance on
HomePath Properties in the FirstLook Period
To be eligible for the incentive, the initial offer must be submitted between February 14, 2014 and March 31, 2014, and close on or before May 31, 2014. The incentive will offer qualified buyers up to 3.5 percent of the final sales price to pay closing costs. In many cases, buyers could use these savings to buy down their interest rate through upfront points, resulting in additional savings over time.
Prospective buyers can search for properties and easily identify how many days remain on a property’s FirstLook period by visiting www.HomePath.com . Each qualifying property will be identified by the sales incentive icon.
– Minimum down payment of 5% (100% can be a gift from family)
– No PMI option
– No appraisal option (N/A for HomePath renovation loans)
– HomePath Renovation Loan
Refer your clients to me for all their HomePath financing needs.