By Jann Swanson

Posted To: MND NewsWire

First-time homebuyers seeking to buy a house through Fannie Mae’s HomePath ® program can receive a significant hand-up from a new program the company announced today. The new BuyerReady TM program will allow qualifying buyers to receive closing cost assistance of up to 3 percent of the purchase price upon completion of an online homebuyer education course. HomePath is the program through which Fannie Mae collects, manages, and markets its foreclosed property. The owned real estate (REO) is typically sold through local real estate agents. The homeownership training course is conducted completely on line and consists of nine half-hour sessions. Fannie Mae has partnered with Framework, a non-profit created by the Housing Partnership Network and the Minnesota Homeownership Center to design…(read more)

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Via:: Fannie Announces Closing Cost Assistance for Homepath Loans

      

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Written by : Mortgage News Daily

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