WARNING HOMEPATH BUYER INCENTIVE RUNNING OUT!!
For those lucky enough to have taken advantage of the current Fannie Mae Homepath special great job. Now for those home buyers still out there waiting for a better deal or for rates to drop it is time to get off the fence. Fannie Mae is currently offering up to 3.5% towards the buyers closing costs on their Homepath properties. This money can be yours whether you are using the Fannie Mae Homepath loan, FHA loan or even a USDA loan to buy a Fannie Mae Homepath property.
The current Fannie Mae Homepath special offer ends on October 31, 2011. This means that you must close on the purchase of the Fannie Mae Homepath loan no later than October 31, 2011. No there are some other conditions that you will want to be aware of in order to take advantage of the Homepath special offer.
- You must be purchasing the home to occupy as your primary residence, 2nd homes and investment are not included in the special offer.
- If your closing costs are less than the 3.5% incentive offer you will not receive the difference as a credit.
- The agent must request the incentive with the submission of the initial offer.
There numerous properties available for purchase through the Fannie Mae Homepath program in Illinois. Many of the Homepath properties are in great shape and ready to move in. To search for Illinois Homepath properties visit the Fannie Mae Homepath site at www.homepath.com. If you are interested in finding out more about the Fannie Mae Homepath mortgage then please give me a call at 815-899-3848 or visit me at www.mortgagebyroy.com.