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.
In addition to…
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