Fannie Mae announced the extension of its incentive program for HomePath properties. As a result, homebuyers Receive 3.5 Percent Closing Cost Assistance During FirstLook Period in 27 eligible states, including Florida and Virginia.
Fannie Mae said in a recent article titled, Fannie Mae, Extends Incentive Program For HomePath Properties:
To be eligible for the incentive, the initial offer must be submitted by April 30, 2014, and close on or before June 30, 2014. The incentive will offer qualified buyers up to 3.5 percent of the final sales price to pay closing costs. In many cases, buyers could use these savings to buy down their interest rate through upfront points, resulting in additional savings over time. Buyers can work with the lender of their choice to determine if this is an option.
Marimark Mortgage is based in Tampa, Florida, and serves the mortgage needs of homebuyers, homeowners, and investors in Florida, Virginia, and Pennsylvania.
We specialize in mortgages for first-time homebuyers, conventional home mortgages, refinance loans, reverse mortgages, and FHA, VA, and USDA mortgage options. In addition, we’ve worked extensively with cash-out refinancing and help clients to lower their monthly mortgage payments.