Special offer

Fannie Mae Paying Closing Costs for Buyers...Now Through May!

By
Real Estate Agent with Wemert Group Realty

Great Opportunity for Home Buyers....Buy a Fannie Mae (Bank Owned) Home, AKA, HomePath Program, and get 3.5% of the purchase price toward buyer's closing costs or even appliances.  Now through May.   For a list of Home Path Homes that qualify, contact Carey at Carey@CareyLight.com.

Read the news release below.

 News Release 
 
 January 28, 2010  
 
 Fannie Mae Announces 3.5 Percent Seller Assistance on HomePath® Properties

Incentive Part of Ongoing Effort to Stabilize Neighborhoods

WASHINGTON, DC - Fannie Mae (FNM/NYSE) announced today that people purchasing a Fannie Mae-owned HomePath® property will receive up to 3.5 percent of the final sales price to be used toward closing cost assistance or their choice of appliances. The offer is available to any owner-occupant who closes on the purchase of a property listed on HomePath.com before May 1, 2010.

"Attracting qualified buyers to the market and reducing the inventory of vacant homes is critical to stabilizing neighborhoods and helping the market recover. Many families are taking advantage of the federal homebuyer tax credit to buy a new home so this is a great time for Fannie Mae to offer some additional help," said Terry Edwards, Executive Vice President of Credit Portfolio Management. "Homebuyers have the option to choose between financial assistance toward closing costs or new appliances for their home."

Properties eligible for this incentive 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 homebuyers an opportunity to purchase with as little as 3 percent down.
 
 
 
 
 Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help those who house America.

http://www.homepath.com/

 

Posted by

Lake Nona RealtorTo search Lake Nona area homes, please visit our website at www.LightTeamRealty.com Call Jim (321-418-5513) or Carey at (321-297-4330) or email us for a complete list of the best deals in East Orlando, Narcoossee, Lake Nona and Moss Park!      

Comments (5)

Tony Grego, 317-663-4173 #1 Trade Association for Alternative Inv
REISA - 317-663-4173 - Indianapolis, IN

Good post with great information. Should help Fannie owned homes. Thanks for posting

Feb 01, 2010 12:06 AM
Barbara Jenness
Barbara B. Jenness, P.A. - St. Augustine, FL - Saint Augustine, FL
St. Augustine FL Real Estate

Carey, Thanks for posting this important information. I keep reading about HomePath in MLS comments, but do need to take the time to better understand this program. Your blog helped. Thanks again!

Feb 01, 2010 12:12 AM
Carey Light
Wemert Group Realty - Orlando, FL
Light Team of Wemert Group Realty

Thank you, Tony!

Feb 01, 2010 12:15 AM
Carey Light
Wemert Group Realty - Orlando, FL
Light Team of Wemert Group Realty

Barbara-

We are right around the corner from each other...how's business in St. Augustine??

Feb 01, 2010 12:16 AM
Jody Lautenbach
Century 21 Premier Associates - Pella, IA

I just had a buyer look at a Fannie Mae house - will pass on. Thanks.

Feb 01, 2010 01:11 AM