Fannie Mae’s HomePath Properties Incentives Expanded
Fannie Mae’s HomePath Properties Incentives Expanded
Fannie Mae’s HomePath Properties Incentives Expanded
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June 15, 2011 (Shirley Allen)

Fannie Mae is serious about reducing its Real Estate Owned (REO) properties and has announced an expansion of its current incentives to help reduce its inventory. Qualified buyers and selling agents will be able to continue to receive closing cost assistance and bonuses for sales made through the HomePath REO website until October 31, 2011.

Qualified homebuyers can receive up to 3.5 percent of the final sales price towards closing costs. Buyers must reside in the home as their primary residence.

Meanwhile, sales agents who represent the owner occupant buyer can receive a $1,200 bonus.

Buyers and sales agents who wish to receive the incentives must request the incentive in the initial offer. The program started June 14th, but the sale must close by October 31st, 2011. Sorry investors, you are not eligible for this incentive offer.

“Supporting homeownership and stabilizing neighborhoods are critical to helping the housing market recover,” said Ed Neill, Senior Vice President for Credit Loss Management at Fannie Mae. “Our previous incentives have been effective in securing owner occupants for these properties. By encouraging homebuyers who will make these properties their long-term home, these expanded incentives will help to stabilize communities.”

Homepath REO properties have a lot to offer, including eligibility in other programs like Homepath Mortgage and HomePath Renovation Mortgage financing, which offers homebuyers an opportunity to purchase with as little as 3 percent down.

Choose from a wide variety of homes including single-family homes, townhouses, and condominiums.

Check out everything Fannie Mae has to offer at the HomePath REO website.

Tags: Fannie Mae, REO, HomePath, qualified buyers, sales agents, incentives, closing costs, bonuses

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Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
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No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Helpful Tools
Mortgage
Calculator

Estimate your monthly mortgage payment
Auto Loan
Calculator

Determine how much car you can afford before buying
Learn About
Mortgage Loans

Learn about the different types of home loans
15 Year vs 30 Year
Loan Comparison

Compare 15 year and 30 year mortgage loans
Todays Mortgage
Rates

See today's mortgage rates. Shop, compare and save.

June 15, 2011 (Shirley Allen)

Fannie Mae is serious about reducing its Real Estate Owned (REO) properties and has announced an expansion of its current incentives to help reduce its inventory. Qualified buyers and selling agents will be able to continue to receive closing cost assistance and bonuses for sales made through the HomePath REO website until October 31, 2011.

Qualified homebuyers can receive up to 3.5 percent of the final sales price towards closing costs. Buyers must reside in the home as their primary residence.

Meanwhile, sales agents who represent the owner occupant buyer can receive a $1,200 bonus.

Buyers and sales agents who wish to receive the incentives must request the incentive in the initial offer. The program started June 14th, but the sale must close by October 31st, 2011. Sorry investors, you are not eligible for this incentive offer.

“Supporting homeownership and stabilizing neighborhoods are critical to helping the housing market recover,” said Ed Neill, Senior Vice President for Credit Loss Management at Fannie Mae. “Our previous incentives have been effective in securing owner occupants for these properties. By encouraging homebuyers who will make these properties their long-term home, these expanded incentives will help to stabilize communities.”

Homepath REO properties have a lot to offer, including eligibility in other programs like Homepath Mortgage and HomePath Renovation Mortgage financing, which offers homebuyers an opportunity to purchase with as little as 3 percent down.

Choose from a wide variety of homes including single-family homes, townhouses, and condominiums.

Check out everything Fannie Mae has to offer at the HomePath REO website.

Tags: Fannie Mae, REO, HomePath, qualified buyers, sales agents, incentives, closing costs, bonuses

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Helpful Tools

June 15, 2011 (Shirley Allen)

Fannie Mae is serious about reducing its Real Estate Owned (REO) properties and has announced an expansion of its current incentives to help reduce its inventory. Qualified buyers and selling agents will be able to continue to receive closing cost assistance and bonuses for sales made through the HomePath REO website until October 31, 2011.

Qualified homebuyers can receive up to 3.5 percent of the final sales price towards closing costs. Buyers must reside in the home as their primary residence.

Meanwhile, sales agents who represent the owner occupant buyer can receive a $1,200 bonus.

Buyers and sales agents who wish to receive the incentives must request the incentive in the initial offer. The program started June 14th, but the sale must close by October 31st, 2011. Sorry investors, you are not eligible for this incentive offer.

“Supporting homeownership and stabilizing neighborhoods are critical to helping the housing market recover,” said Ed Neill, Senior Vice President for Credit Loss Management at Fannie Mae. “Our previous incentives have been effective in securing owner occupants for these properties. By encouraging homebuyers who will make these properties their long-term home, these expanded incentives will help to stabilize communities.”

Homepath REO properties have a lot to offer, including eligibility in other programs like Homepath Mortgage and HomePath Renovation Mortgage financing, which offers homebuyers an opportunity to purchase with as little as 3 percent down.

Choose from a wide variety of homes including single-family homes, townhouses, and condominiums.

Check out everything Fannie Mae has to offer at the HomePath REO website.

Tags: Fannie Mae, REO, HomePath, qualified buyers, sales agents, incentives, closing costs, bonuses

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.