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News & Information: Real Estate News

Fannie Mae offers 3.5 percent buyer assistance program

Wednesday, April 20, 2011  
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Fannie Mae has introduced a new program that provides up to 3.5 percent in closing cost assistance for HomePath properties. Offers must be submitted on or after April 11, 2011 and close on or before June 30, 2011.

Buyers must be owner occupants (i.e., the home will be their primary residence), and buyers are required to sign an Owner Occupant Certification Rider to the Purchase Addendum with all initial offer submissions. Other restrictions apply. Additional information about terms and conditions are available on the HomePath website.

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