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Showing posts from March 28, 2014

FNMA Extends Spring First Look Closing Cost Promo

by Michael H. Wasserman

The spring 3.5% closing cost credit incentive offered on newly listed Fannie Mae “HomePath” properties has been extended for one more month.  Introduced back in February, the original program applied to offers submitted by March 31st for contracts closing by May 31st. The deal now applies for offers submitted by April 30 that close by June 30th. This appears to be a highly popular incentive program. I am working with several clients on FNMA purchases fortunate enough to participate here. These are great opportunities to boost buying power for select Chicago area home and condo purchases. More information available from FNMA here,