Hendersonville NC Real Estate Blog: Home Path/Fannie Mae just upped the ante!

Home Path/Fannie Mae just upped the ante!

Home Path/Fannie Mae just upped the Ante!

HomePath

If you have not checked out Fannie Mae's Home Path Program, you need to see what it is all about. They just added a new incentive to get homes sold. 

HomePath is a great program. Any home making it to the Home Path Website has had special incentives to sell them for a while now. With only 3.5% down, downpayment incentives and no PMI! any buyer should be looking at their website first. They also have a Renovation Loan so that damaged homes can get repairs, similar to the 203K streamline loans. And get this, even Investors can buy under this program! How cool is that? 

Now Fannie Mae's Home Path  has added a new incentive to get these homes sold. As of September 24th, they are willing to pay 3.5% of the buyers closing costs in order to move these homes. 

Simply go to the Home Path home page, enter your zip code and look at all of the homes available. There are some great prices in there, and from all price ranges. If you aren't showing your buyers these homes, then you may be losing out as well. Selling agents can get $1500 at closing for selling one of these homes and closing by December 31, 2010. So don't miss out!

This program is a win win for all, so move fast. All homes with the 3.5% closing costs paid by Fannie Mae, and the $1500 bonus for agents has to close by December 31st of 2010. 

Jerri McCombs, Advanced Virtual Assistant 

828/553-5190 or info@JerriMcCombs.com

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Comment balloon 4 commentsJerri McCombs • September 28 2010 09:06AM

Comments

Wow ~ 3.5% of buyers closing costs sold as part of the Fannie Mae Home Path program is a great incentive to get home buyers to use this program is awesome. Great news Jerry, thank you for passing this information along.

I love your beautiful "fall" background!

Posted by Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno (Ferrari-Lund Real Estate ) almost 9 years ago

Jerri, thanks for the great info.  I am seeing more and more listings that come out due to foreclosures that have this is one of the options to go this route of financing.  I never had to use it yet, but it will definitely be one that is under high consideration now.  Thanks again.

Posted by Don Spera, Serving York and Adams County, PA (CR Property Group, LLC) almost 9 years ago

Jerri....I've seen this.  I'm working on one right now.  It's pretty hot stuff!

Posted by Larry Bettag, Vice-President of National Production (Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001) almost 9 years ago

Jerri - I've got this info in the works as I found it to be good news.  Thanks!

Posted by Anna Banana Kruchten CRB, CRS 602-380-4886, Arizona's Top Banana! (Phoenix Property Shoppe) almost 9 years ago

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