More Breaking News In The Housing Market:According to a news release on their site, "people purchasing a Fannie Mae-owned HomePath® property will receive up to 3.5 percent of the final sales price to be used toward closing cost assistance or their choice of appliances (see article http://bit.ly/aRpUw9 )
For those in the market to buy a home, this is a buying incentive op top of the current Federal Homebuyer Tax Credit. The incentive is for owner-occupants who close on the purchase of the property before May 1, 2010.
CONTACT ME DIRECTLY FOR A CITY SPECIFIC LIST OF FANNIE MAE OWNED HOMES – firstname.lastname@example.org
The Fannie Mae HOMEPATH Loan Program guidelines are: - 3% down - No PMI - No appraisal necessary - 660 min Credit Score (call for more details...)
Think about this for a minute folks: $8k for First Time Home Buyers Tax Credit, 3.5% of purchase price for closing cost and/or new equipment and a rate that’s about 1% lower than norm due to Fed MBS purchasing program. That’s a gift of around $18,500 from our Government just to buy a $300,000 home compared to any other time in our history!
If you have been waiting and wondering when a good time to buy will be, NOW IS IT!!! We only have a few more months until ALL of these programs end and these INCREDIBLE savings will be history.
You may have never thought of it this way, but I am helping you make perhaps the largest financial transaction of your life. It’s your home, and it’s your future. It’s my profession and my passion. Today, I see a mortgage as a financial tool, not just a debt. My goal is to increase your Financial IQ, and help guide you on your way to Financial Peace. I absolutely love what I do and enjoy helping people make wise choices when it comes to their finances. I believe Dave Ramsey says it best, “Do today what others won’t so you can have tomorrow what others don’t.” Please enjoy my mortgage blog and my commitment to provide only the best, sound advice that you may use in your journey toward Financial Peace! I welcome you to visit me on my website for more helpful information: www.mymortgageguydan.com
Dan Keller is a licensed mortgage loan officer at Hometown Lending, powered by Bay Equity LLC in Everett, WA. MLO# 115349.