Fannie Mae is currently offering buyers up to 3.5% in closing cost assistance through June 30, 2011.
The HomePath property buyer must meet the following qualifications to be eligible:
Buyers and/or selling agents (the agent representing the buyer) must request the incentive upon submission of initial offer in order to be eligible.
The initial offer must be submitted on or after April 11, 2011 and close by June 30, 2011. If an initial offer was made prior to the effective date, the offer is not eligible for the incentive.
The sale must close on or before June … (2 comments)
purchase: RATE UPDATE!!! 2.5% AVAILABLE!!! 2.602% APR
- 01/12/11 06:51 PM
It's been a while since i have posted any rate information, and with rates bouncing up and down on a daily basis, i figured now would be a good time. The above rate is for a five year fixed, also know an an arm. The rate is fixed for 5 five years and then can adjust once a year for the remainder of the term of the loan. The margin for the loan is 2.25%, and the index is the 1 year libor, which is currently at .784. This is a great rate, but this loan is not for everyone. So if you … (1 comments)
purchase: Rate Update: 30 Year Fixed Rates Still in the 4% Range
- 01/26/10 05:49 PM
That Right Folks, 30 Year fixed rates are still in the 4 percent range. Its true that not everyone can qualify for these rates, but if you are waiting to refinance or buy a home, wait no longer. The Federal Government has extended the First Time Home Buyer Credit until April and now a non first time home buyer (repeat buyer) can get a credit of up to $6500 until April as well (you just have to close by June of this year). Just as these programs are limited, rates are not going to stay this low forever. The Fed is … (0 comments)
HomePath® Buyer Incentive
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