Hackney's Houses

September 23rd, 2010 4:37 PM

If you are at all familiar with the Fannie Mae Homepath program, you'll know that it is already a great opportunity.  The largest benefit I believe is the lack of Mortgage Insurance, even if you do not have 20% down!!!  This can mean the difference between home ownership or not for many. 

Fannie Mae just announced that they are offering up an additional incentive.

Here are the details:

Up to 3.5% HomePath Buyer Incentive and $1,500 Selling Agent Bonus on HomePath Properties


Fannie Mae is offering buyers up to 3.5% in closing cost assistance on a HomePath® properties. To be eligible for this incentive:

  • Initial offers must be accepted on or after September 23, 2010;
  • Property sales must close on or before December 31, 2010, and close within 60 days of offer acceptance;
  • Buyers must be owner-occupants and confirm that the property will be used as their primary residence by completing a certification form (investors are excluded) 

The incentive reinforces Fannie Mae's commitment to stabilizing communities and assisting buyers. For more information about the incentive, visit HomePath.com

Call or email for more information...EVEN if you are not in my local area, I can refer you to a highly qualified Realtor in your area.


Posted by Sean Hackney on September 23rd, 2010 4:37 PMPost a Comment (0)

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