Fannie Mae recently announced that people purchasing a Fannie Mae-owned HomePath property will receive up to 3.5 percent in closing cost assistance. The initial offer must be submitted on or after April 11, 2011; and the sale must close on or before June 30, 2011, to be eligible for the incentive.
Additionally, buyers must reside in the home as their primary residence (sales to investors are excluded). All Fannie Mae-owned HomePath properties. In addition, many Fannie Mae-owned properties are eligible for special HomePath Mortgage and HomePath Renovation Mortgage financing, which offers home buyers an opportunity to purchase with as little as 3 percent down.
Locally in the San Diego community there are currently 622 homes for sale by HomePath, here is an example:
Discovery Hills Beauty In San Marcos, California!
Perched high in the Discovery Hills community, with views of San Marcos, this beautiful 4 bedroom Three bath --three car garage residence is just waiting for you to call it home. You will enjoy an extensive set of property features including new carpet, fresh paint, new appliances, extensive hard-scape upgrades in the backyard, as well as beautiful panoramic views from your private Master balcony. Purchase this property using Fannie Mae HomePath Financing or HomePath Renovation Mortgage for as little as three percent down! Home was built in 1991,
With the current incentive to assist buyer with closing cost, this homes closing cost could amount to almost $17,000.00. If all the closing cost is not used HomePath is willing to credit back unused portion to buyer. Another perk is that this home can be purchase with a minimum of 3% down, which amounts to approximately $15,000.00. Giving the new homeowner a monthly payment in the neighborhood of $2700, depending on credit worthiness--interest rates etc.
All offers are submitted electronically by a register real estate agent/broker on line and will be given prompt attention by Fannie Mae. Crescent Moon Realty, Inc & Land N Sea Auction would be happy to show you this awesome home located in one of the most desirable communities in San Marcos, California.
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