News Release, Fannie Mae
January 28, 2010
Fannie Mae Announces 3.5 % Seller Assistance on HomePath Properties
Incentive Part of Ongoing Effort to Stabilize Neighborhoods
WASHINGTON, DC - Fannie Mae (FNM/NYSE) announced today that people purchasing a Fannie Mae-owned HomePath property will receive up to 3.5 % of the final sales price to be used toward closing cost assistance or their choice of appliances. The offer is available to any owner-occupant who closes on the purchase of a property listed on HomePath.com before May 1, 2010
"Attracting qualified buyers to the market and reducing the inventory of vacant homes is critical to stabilizing neighborhoods and helping the market recover. Many families are taking advantage of the federal homebuyer tax credit to buy a new home so this is a great time for Fannie Mae to offer some additional help," said Terry Edwards, Executive Vice President of Credit Portfolio Management. "Homebuyers have the option to choose between financial assistance toward closing costs or new appliances for their home."
Properties eligible for this incentive are listed on HomePath.com 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% down.
Fannie Mae Resource Center
1-800-732-6643
When I was introduced to Mr. Pedro ( A Loan Officer), I was entering the market as a first time home buyer.
ReplyDeleteMy needs were a bit different and I had loads of questions, before he sent me my pre-approval letter, he called to speak with me about what it meant and what could change. He made himself available to me at pretty much any hour via email and texts, he was very responsive and knowledgeable. He’s also very straightforward, I explained to him what my expectations were in terms of closing time and other particulars. He said he would meet those expectations but he surpassed them. I closed so quickly my realtor and the seller of course were excited about that. But as a buyer I appreciated being walked through the process in a succinct yet thorough fashion. From pre-approval to closing- the journey was so seamless and I consider myself lucky because I’ve heard horror stories about the internet . I recommend A loan officer, Pedro Jerome contact email: pedroloanss@gmail.com & Whatsapp Number :+18632310632 to anyone looking for a loan in any market.
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