Fannie Mae Paying Closing Costs For First Time Home Buyers

Dated: 05/28/2015

Views: 885

Image title

If you’re a first-time home buyer just entering the market, you’re in for a springtime treat: Fannie Mae will now pay your closing costs, up to 3% of the price of the home—provided you take the mortgage giant’s home-buyer counseling course first.

The new HomePath Ready Buyer program, announced on Wednesday, allows first-time buyers (defined as those who have not owned a home in the past three years) to take an online course, get certified, and become eligible for what could amount to significant savings. For instance, on a $150,000 home, Fannie Mae could contribute up to $4,500 toward your closing costs—which typically range from 2.5% to 3% of a home’s price—and even reimburse you for the $75 online course.

About the author: Richard L McKinney Realtor, Local Real Estate Expert & Nice Guy

I’d love to hear from you. 

What do you think about this topic?

Richard L. McKinney P.A.

Atlantic Shores Realty Executives

Selling the Treasure Coast - Port St Lucie, Fort Pierce, Stuart, Jensen Beach, Palm City and Hutchinson Island --- Homes, Condos, Townhomes & Land.

Sell Phone:  (772) 370-8631

email: StLucieRealtor@aol.com 


 Visit me on the web .... 

 Port St Lucie Real Estate, Homes,Condos,Townhomes and land for sale in Port Saint Lucie Florida..

 www.TreasureCoastMLS.com

StLucieRealEstate.net

 

Please connect with me on the following:

On Facebook - The Treasure Coast Real Estate ReportThe Port St Lucie Real Estate BlogConnect with me on Google PlusInstagramConnect on LinkedInFind me on Pinterest

  My goal is to be your Realtor for LIFE. If you or someone you know has a real estate question, purchase or


Blog author image

Richard McKinney

I have been selling real estate in South Florida since 1998 with a specialization in homes, town homes and condos in St Lucie and Martin Counties. My service areas include the cities of Port Saint Luc....

Want to Advertise on this Site?

Latest Blog Posts

On This Memorial Day And Always

Our Debt To The Heroic Men and Valiant Woman In the Service Of Our Country Can Never Be Repaid. They Have Earned Our Undying Gratitude. America Will  Never Forget Their Sacrifices.......

Read More

Attention Renters Time To Take Control And Buy A Home

Dear Renters,There are several steps towards home ownership.   I am here as your trusted Real Estate advisor, along with qualified Mortgage professionals, to guide you through the mortgage

Read More

My 16 Years Of Real Estate Knowledge Offered To Buyers At No Cost To Them

Buying a home is more than a Zillow search.   I am your trusted Real Estate advisor from day one through the entire process.  Trust your largest financial transaction to  your

Read More