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 – dan.mortgageadvisor@gmail.com
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.
To find qualifying homes, go to http://www.homepath.com/ or contact me directly.
