Special Fannie Mae HomePath Buyer Incentive Offer
Posted on July 24th, 2011
There’s great news from Fannie Mae: Buyers may be eligible to receive up to 3.5% in closing cost assistance throughOctober 31, 2011 as part of the HomePath buyer incentive.
-Buyers and/or selling agents (the agent representing the buyer) must request the incentive upon submission of initial offer.
-Initial offer must be submitted on or after and close by . Initial offers made prior to June 14 are not eligible for the June 14 – October 31 incentive.
-Sale must close on or before October 31, 2011. No exceptions will be made to this deadline. (Note: Initial offers submitted after September 15, 2011 may not close by the incentive deadline of October 31, 2011.)
-Buyers must be purchasing a HomePath property to use as their primary residence to receive closing cost assistance. Second homes and investment properties are excluded from the incentive.
-Buyers must sign the Owner Occupant Certification Rider to the Real Estate Purchase Addendum.
-Buyers with total closing costs under 3.5% are not eligible to receive the difference as a credit.
Please feel free to contact me for specific details on this incentive offer and for all of your Fannie Mae HomePath financing questions.
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Tags: Buyer Incentive, Homepath Buyer, Homepath Buyer Incentive
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