Did you know Fannie Mae is offering Buyers up to 3.5% in closing cost assistance on HomePath properties through December 31, 2010? Of course, there are some stipulations Buyers must meet to be eligible for the incentive:
- HomePath property sale must close on or before December 31, 2010 and close within 60 days of offer acceptance.
- Only owner occupants purchasing a HomePath property as their primary residence will receive up to 3.5% in closing cost assistance.
- Buyers must request incentive upon submission of the initial offer in order to be eligible.
The website for this program is www.homepath.com.
For other homes, there are USDA, FHA, Conventional and Portfolio FHA loans available for Buyers with credit scores as low as a 580 FICO. To move forward on locating one of these homes for you, please call me ASAP at (512) 964-7653. Time is of the essence!