Freddie Mac Offers Home Buyer Incentives on Foreclosed Homes!

Real Estate Agent with eXp Realty 40552805

HomeStepsHome buyers can take advantage of the Freddie Mac First Look Initiative which allows Home buyers to purchase Freddie Mac Real Estate Owned properties (REO) before investors as part of the HomeSteps program

Freddie Mac will offer homebuyers and select non-profits an exclusive opportunity to purchase HomeSteps homes prior to competition from investors through the Freddie Mac First Look Initiative. This on-going initiative offers owner occupant homebuyers, Neighborhood Stabilization Program (NSP) grantees and non-profits engaged in community stabilization efforts the ability to purchase HomeSteps homes during their initial 15 days of listing (30 days in Nevada), without competition from investors.


The purchaser does not need to be a first time homebuyer to be eligible provided, however, that they are buying the home as their primary or secondary residence. This program is only for REO properties owned by Freddie Mac. Contact me for more information

Posted by

Anthony Giglio

Broker Associate

RE/MAX Advantage Plus
Direct: 612-513-0755

Anthony Giglio is a Realtor with RE/MAX Advantage Plus and is on the Minnesota Real Estate Team which sells over 1500 homes each year in MN. He is always available to help you with your real estate questions and needs. 


Comments (1)

Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

I'm writing an offer now and I came to research about termites, i'm asking for report and the house looks good, but I wonder if I should. Also if they buy a second home, is it still owner occupied  or will get 3% towards closing costs?

Dec 06, 2012 12:04 PM