This is a great program Gene Mundt from Chicago Bancorp in Illinois talks about for home buyers planning to purchase a Fannie Mae owned foreclosure home to live in. There were some great comments on Gene's post, too, discussing the need for home buyers to prepare for ALL costs associated with buying a foreclosure home. Since banks don't disclose the condition of the home, buyers MUST beware!!!!

Via Gene Mundt (Chicago Bancorp):

 

Cure your Home Buyer's Blues!

Get a heapin' helpin' of HomePath INCENTIVES ... Call Me NOW!

 

FannieMae just announced that they're providing a major "dose" of incentives to cure home buyer's blues.  Incentives that can mean up to a 35% increase in a home buyer's closGene Mundt Chicago Bancorp New HomePath Incentives bloging credit!  

To help more buyers purchase a home, FannieMae is offering up to 3.5% in Closing Costs assistance to those purchasing HomePath properties. This heapin' helpin' of assistance is available starting June 14th and runs through October 31st, 2011.

Exciting, right?

Who ... and exactly what properties ... are eligibile??   Here are the details:

 

•   Buyers must be owner occupants of the purchased property (meaning the property will serve as their primary residence).

•   Buyers are required to sign an  Owner Occupant Certification Rider to the Purchase Addendum  with all initial offer submissions

•   Initial offers must be submitted on/after June 14th, 2011.

•   Sale MUST CLOSE on or before October 31st, 2011.

•   Other restrictions apply.  More info about this offer can be obtained on HomePath.com, under the Special Offers tab.  Terms and conditions are explained there as well. 

There are even incentives being offered for your sales agent ($1,200).  FannieMae is really serious about helping to "cure" your home buying blues, getting you in a new home ... and helping our ailing U.S. housing market!

I am a HomePath lender.  Contact me for further information regarding this new beneficial home buying program and to find out what properties are eligible for this assistance.  Gene Mundt Chicago Bancorp New HomePath Incentives blog

                Act Now by contacting me at:

Direct #: 815.277.4036     Cell/Text: 708.921.6331

Email: mailto:gene@chicagobancorp.com

Skype: 630.219.1316     Website: http://www.genemundt.com

For a:   No Cost No Obligation Mortgage Consultation

 

 

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 gene@chicagobancorp.com

Karen Cooper Southern Oregon|California Mortgage ConsultantKaren Pierce - Housing Counselor/Certified Foreclosure Intervention & Default Counselor

               NMLS #223305

ACCESS - "Helping People Help Themselves Since 1976"

 
Posted by Karen Pierce on 06/15/2011 05:52 AM   Comments (3)  
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3 Comments on Cure Your Home Buyer's Blues! Take a Heapin' Helpin' of Fannie Mae's HomePath Home Buying Incentives Today!

JUN
15
2011
1,453,737 Points 46 Featured Posts Outside Blog Called Shot Master

This is a good post to reblog.I hope more buyers and agents will read it.
5:58am • #1
498,310 Points 150 Featured Posts Outside Blog Hit Router Called Shot Master

Thanks for the re-blog Karen!  It's a great program, now with incentives to boot!  As Gita above says, I hope many read the info and get buying!!  

Gene
4:00pm • #2
JUL
12
2011
146,111 Points 2 Featured Posts

At least some one is doing something about DPA.
2:32pm • #3

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Karen Pierce

Medford, OR

More about me…

Karen Pierce | Housing Counselor |Oregon

Address: PO Box 4126, NMLS#223305 , Medford, OR, 97501

Office Phone: (541) 779-6691

Email Me

Bringing 29 years of experience providing Southern Oregon and California Home Buyers and Homeowners | Serving all of Jackson County Oregon including Ashland- Talent- Phoenix- Medford-Jacksonville- Ruch- Central Point- White City- Eagle Point- Shady Cove- Gold Hill, as well as Josephine County including Grants Pass- Merlin- Wilderville | Helping Southern Oregonians on the road to fulfilling the American Dream of Homeownership - and staying there!


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