As part of their neighborhood stabilization program, Fannie Mae is offering buyers’ assistance through a couple of different programs, HomePath and First Look.
HomePath helps buyers buy covering their closing costs, up to 3.5% of the home’s purchase price.
To qualify, buyers must be purchasing a HomePath property; this is a home that is owned by Fannie Mae, usually as the result of a foreclosure or owner forfeiture. Buyers need to make the initial offer on the home on or after June 14, 2011, and the purchase must close by October 31, 2011; initial offers made prior to June 14 are not eligible.
View full details on qualifying for this program.
Search for HomePath properties.
Read an FAQ on the HomePath program.
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