A new home buying incentive was rolled out by HomePath giving 3.5% back for buyer’s closing costs for Fannie Mae properties. Instead of seeing the shock of an additional $17,500 needed for escrow on a $500,000 home, the bank is now willing to credit the cost back to the buyers. Certain guidelines must be followed, so it is important to have a Realtor look into the information prior to writing an offer. A buyer must:
- Request the special with the original offer
- Must close escrow by June 30, 2011
- Must be owner occupied-sorry no investors
- Any credit left will go back to the seller!
Sounds like a great deal, so do not wait on this opportunity! Contact me for a list of homes that qualify for HomePath in your area at 831.635.6719.