Fannie Mae Incentives Announced - Closing Cost Assistance

Reblogger
Real Estate Agent with Broker, Dills Real Estate

I'm reblogging this great post by fellow Activerain bloggers (Bill & Cyndi Daves).

The post is a very informative one that can potentially save buyer who are currently in the market 3.5% if they are willing to look at Fannie Mae owned homes.  Check it out!

Original content by Bill & Cyndi Daves GA 281904 and NC 185282

Fannie Mae Incentives - Closing Cost Assistance

 

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We are very excited to announce the latest Fannie Mae Incentive!  In an effort to help more buyers purchase a HomePath property, a new Fannie Mae incentive is being launched which offers closing cost assistance for buyers and even a bonus for selling agents!

 

 

 

This Fannie Mae Incentive will run from June 14 - October 31, 2011.   In other words, all contracts written on or after June 14th which close on or before October 31st, will qualify for the Fannie Me Incentive provided the terms and conditions are followed.

 

 

 

Owner-Occupants (investor purchases do not qualify) purchasing a HomePath property canHomepath receive up to 3.5% of the final sales price to be used toward closing cost assistance.  

 

 

 

We specialize in foreclosures and this is a great incentive designed to help more people afford the joys of home ownership.  We love being able to assist a young couple get into their first home or even retirees who are finally able to escape the city and move to the mountains.  

 

 

 

If you have been thinking about relocating, this is an excellent time to do it.  We have many HomePath properties in this area that qualify for the incentive.  Interest rates are low and assistance on your closing cost means more cash in your pocket!

 

 

 

You can visit HomePath.com for complete details concerning eligibility and restrictions.  Or, simply give us a call and we will be more than happy to provide you will all the details.  

 

Announcement

 

 

By the way, Selling Agents who represent an owner occupant purchaser can receive a $1200 bonus provided they meet the eligibility requirements.   If you’re an agent make sure you let all your potential buyers know that now is the time to take another look at a HomePath property.

 

 

 

 

We look forward to hearing from you!

 

Bill and Cyndi

 

Bill and Cyndi

 

 

Bill and Cyndi Daves, Associate Brokers/AREO

Coldwell Banker High Country Realty

4290 US Highway 64 West - Murphy NC 28906

Bill (828) 361-9419  or  Cyndi (828) 361-9783

Office 828-835-8500  Fax (828) 835-9678

Email: bill@teamdaves.com -or- cyndi@teamdaves.com

 

www.TeamDaves.com

 

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For Further Assistance:

If I can provide more information about real estate in general and the local housing market in particular in Fort Worth and the surrounding areas, or otherwise assist you, your friends or family in a home search, please contact me by phone or text at (817) 495-8028 or email me at Kent@KentDills.com

Serving Fort Worth, Benbrook, Aledo, Arlington, Mansfield, Keller, NRH, Hurst, Euless, Bedford

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Comments (3)

Dave Halpern
Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Congratulations for these incentives to move inventory.

How many of these FNMA owned properties were short sales that FNMA turned down over small amounts, but now FNMA is giving away much more to move their avoidable toxic inventory?

Jun 18, 2011 08:48 AM
Bill & Cyndi Daves
Hiawassee, Young Harris, Blairsville, Hayesville, Murphy and Beyond! - Hiawassee, GA
TeamDAVES - Your REALTORS In the GA/NC Mountains!

Kent - Thank you so much for the reblog.  You are so right.  If this helps one person get into a home then our blog time was well spent!

 

Jun 18, 2011 01:26 PM
Kent Dills
Broker, Dills Real Estate - Bellingham, WA
Real Estate 817-495-8028, Bellingham, Washington

Dave, I suspect that a fair portion of the homes that Fannie Mae is trying to sell is those that they've gotten back via foreclosures that could have been avoided had some of their incompetent servicers done their jobs properly working the loss mitigation process that they were SUPPOSED to do.  Now Fannie has to get rid of the properties.  At least they've come up with some good marketing strategies to help them do it!

Bill & Cyndi, I agree that whatever can be done to help put buyers and sellers together is something ALL REALTORS should be interested in pursuing and, like you, in a general way not just in a self-interested way!  Good for you!

Jun 18, 2011 03:41 PM