Fannie Mae REO Buyer Incentives
April 20, 2011
Fannie Mae, the government sponsored entity that owns many of the toxic loans and therefore many of the foreclosed properties is offering closing cost assistance to buyers who purchase a home out of their REO inventory. REO is real estate owned.
Buyers who put an offer in on a Homepath listed property on or after April 1, 2011 and close on or prior to June 30, 2011, will be eligible to receive up to 3.5% in closing cost assistance. The offer is only good for buyers who intent to occupy the home as their primary residence. Offers submitted before May 15 have the best chance of qualifying as Fannie Mae has some concerns that offers made after that date may have a difficult time meeting the June 30 deadline.
To locate homes owned by Fannie Mae you can go to the http://www.homepath.com/ website. The agents at CENTURY 21 Lois Lauer Realty can also assist you in searching out the available Fannie Mae properties. Financial 2000, a lender affiliated with CENTURY 21 Lois Lauer Realty can also assist with processing your loan.
With prices competitive and interest rates at almost a 40 year low, this is a great opportunity for folks to begin their path to home ownership.
Fannie Mae, the government sponsored entity that owns many of the toxic loans and therefore many of the foreclosed properties is offering closing cost assistance to buyers who purchase a home out of their REO inventory. REO is real estate owned.
Buyers who put an offer in on a Homepath listed property on or after April 1, 2011 and close on or prior to June 30, 2011, will be eligible to receive up to 3.5% in closing cost assistance. The offer is only good for buyers who intent to occupy the home as their primary residence. Offers submitted before May 15 have the best chance of qualifying as Fannie Mae has some concerns that offers made after that date may have a difficult time meeting the June 30 deadline.
To locate homes owned by Fannie Mae you can go to the http://www.homepath.com/ website. The agents at CENTURY 21 Lois Lauer Realty can also assist you in searching out the available Fannie Mae properties. Financial 2000, a lender affiliated with CENTURY 21 Lois Lauer Realty can also assist with processing your loan.
With prices competitive and interest rates at almost a 40 year low, this is a great opportunity for folks to begin their path to home ownership.
posted by shirley harry at 7:59 AM
0 Comments:
Post a Comment
<< Home