HomePath Offers Buyers Incentives to buy Fannie Mae Owned Listings in Florida
1) Up to $35,000. for the completion of light to moderate renovations
2) 3% Down Payment (Can be Gift or Government Grant)
3) No Mortgage Insurance
4) No Lender Required Appraisal
5) 90% Investor Financing OK
6) Many Condo project requirements waived
7) Find a home today using Home Path at http://www.homepath.com/
Fannie Mae is currently offering buyers up to 3.5% in closing cost assistance.
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
- Only buyers purchasing a HomePath property as their primary residence may receive up to 3.5% in closing cost assistance. Second homes and investment properties are excluded from the incentive.
- Buyer must sign the Owner Occupant Certification Rider to the Real Estate Purchase Addendum.
- If a buyer's total closing costs are under 3.5%, the difference will not be available as a credit to the buyer.
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