Today, fannie mae (fnma/otc) announced the HomePath Ready Buyer program, qualifying first-time homebuyers to receive up to three.

Best for: First-time homebuyers who help for closing costs willing to buy a foreclosed home. Fannie Mae’s HomePath ReadyBuyer program is geared toward first-time buyers interested in foreclosed.

Fannie Mae Property.

The slowdown of home purchases by investors. Government-controlled Fannie Mae and Freddie Mac as well as the Federal Housing Administration have taken steps to ease first-time buyers into the.

CAMPBELL, Calif., March 10, 2011 /PRNewswire/ — Speculative fears by renters who think they can’t afford the costs related to owning a home may cause many first-time home buyers to miss out on the.

Fannie Mae's New Low Down Payment Loan Fannie Mae’s HomePath ReadyBuyer program is another first-time homebuyer program that provides homebuyer education and offers up to 3% in closing cost assistance. To qualify, you’ll need to: Purchase a HomePath home, a property that’s owned by Fannie Mae. Complete a homebuying education course. Occupy the home within 60 days of purchase.

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First-time homebuyers who can’t afford a large down payment but would otherwise qualify for a home loan may be eligible for a 3% down payment mortgage. If you’re good at managing your credit and meet certain requirements, this could be the option for you.

Contents Federal national mortgage Find fannie mae Fannie mae-owned home isn’ eir 5.39 overcome This is ideal particularly for first-time home buyers because it teaches the basics of purchasing and maintaining your new home. In just a few The Fannie Mae First Look program allows home buyers who will use the property as their primary.

Both first-time home buyers and investors can take advantage of Fannie Mae Home-Path loans, though there are some limitations to the program. Fannie Mae loans are an alternative to the FHA loans and VA loans that are commonly used by first-time home buyers and owner occupants, and they are also open to investors.

There’s good news for first-time homebuyers: The Fannie Mae HomePath property program means you could get your closing costs paid for, or at least up to 3% of the price of the home-provided you.

Fannie mae announced tuesday the HomePath Ready Buyer program, under which qualifying first-time homebuyers can receive up to 3% of the purchase price of the subject property in closing cost.