Fannie Mae HomePath offers 3.5% in closing costs (temporarily)

Fannie Mae HomePath closing costs increased to 3.5%

St Paul, MN: Fannie Mae has announced they are increasing allowed seller paid closing costs to 3.50%.

This is an increase over the current 3% in allowed seller paid closing costs to home buyers purchasing a Fannie Mae HomePath foreclosed home, and is FOR A LIMITED TIME ONLY.  The special offer goes back to 3.00% soon, so be aware and careful if including 3.5% Fannie Mae paid closing costs in any transaction.

Watch this video for details on Fannie Mae HomePath Closing Costs

Purchase agreements must be written on or after April 11, 2011 and the transaction must close on or before June 30, 2011. A short window of opportunity, but an opportunity nonetheless.

Mortgages Unlimited is a HomePath Lender in the Minneapolis and St Paul area, and for all of Minnesota and Wisconsin.