Fannie Mae Announces 3.5 Percent Buyer Assistance on HomePath Properties | Sun Valley Real Estate

Posted

by

in , , with

Washington, DC — Fannie Mae announced today that people purchasing a Fannie Mae-owned HomePath property will receive up to 3.5 percent in closing cost assistance. The initial offer must be submitted on or after April 11, 2011; and the sale must close on or before June 30, 2011 to be eligible for the incentive. Additionally, buyers must reside in the home as their primary residence (sales to investors are excluded).

“Attracting qualified buyers to the market and reducing the inventory of vacant homes remains essential to stabilizing neighborhoods and helping the market recover,” said Terry Edwards, Executive Vice President of Credit Portfolio Management. “Since interest rates remain low, the incentive will go a long way toward helping even more families buy a new home so this is a great time for Fannie Mae to offer some assistance.”

All Fannie Mae-owned HomePath properties are listed on and most listings include detailed property descriptions, photographs, community and school information, and more. In addition, many Fannie Mae-owned properties are eligible for special HomePath Mortgage and HomePath Renovation Mortgage financing, which offers homebuyers an opportunity to purchase with as little as 3 percent down.

SOURCE:

Category:

, ,

to .

Weather Forecast: Sun Valley, Idaho

Select Category

Advertising

Areas

Auction

Biography

Buying

Codes

Construction Related

Consumer Behavior

Credit Related

Expired Listings

Featured Listings

Financing

Foreclosure

Hailey

Home Networks

Incentives

Inspections

Internet

Ketchum

Market Update

Marketing

Mortgage and Loans

New Listings

News

Photography

Profiles and Surveys

Recent Changes

REOs

Selling

Short Sales

Sun Valley

Uncategorized

Windermere Real Estate, Sun Valley – Hailey, Idaho @ George Martin, Jr. Associate Broker

Read More Post

STAY CONNECTED

Most Popular

Manifesting Your Dream Career: Finding Your Passion And Purpose
01 Aug

Manifesting Your Dream Career: Finding Your Passion And Purpose

Are you passionate about finding your dream career? Manifesting can help you align your career with your passions and purpose.

Revolutionizing Your Ride: Expert Auto Service At Carolina Auto Service
27 Feb

Revolutionizing Your Ride: Expert Auto Service At Carolina Auto Service

Finding a reliable auto service provider is paramount in the bustling world of vehicle maintenance and repair. That's where Carolina

Floratam: The Robust Grass Solution From Council Growers SOD
25 Jan

Floratam: The Robust Grass Solution From Council Growers SOD

Floratam grass, a popular St. Augustine variety, has become a go-to choice for homeowners and landscapers seeking a lush, durable

Carolina Mobile Autoservice: Your Go-To For Expert Brake Service Repair
25 Jan

Carolina Mobile Autoservice: Your Go-To For Expert Brake Service Repair

For vehicle owners, the braking system is among the most critical components for safety and performance. Carolina Mobile Autoservice, a

Safeguarding Your Property: Expert Water Damage Services By MBC Capital
24 Jan

Safeguarding Your Property: Expert Water Damage Services By MBC Capital

Water damage can significantly impact homes and businesses, often leaving a trail of destruction and disruption in its wake. Understanding

Revanesse Lip Filler: The Secret To A Perfect Pout – Discover America’s New Favorite At Beauty From Ashes Aesthetics
19 Jan

Revanesse Lip Filler: The Secret To A Perfect Pout – Discover America’s New Favorite At Beauty From Ashes Aesthetics

In the ever-evolving world of cosmetic enhancements, there's a constant quest for the next big thing. The latest darling in