Some Really Great Incentives!

I just wanted to let you all know that there are some really great incentives for bank owned property right now!

If you are looking to purchase a primary residence (owner occupied property) some of the bank owned properties might be the way to go! Freddie Mac is now offering up to 4% in buyer closing costs, a 2 year home warranty and the First Look Initiative! Freddie Mac will offer homebuyers and select non-profits an exclusive opportunity to purchase HomeSteps homes prior to competition from investors through the Freddie Mac First Look Initiative. This on-going initiative offers owner occupant homebuyers, Neighborhood Stabilization Program (NSP) grantees and non-profits engaged in community stabilization efforts the ability to purchase HomeSteps homes during their initial 15 days of listing, without competition from investors. The purchaser does not need to be a first time homebuyer to be eligible, however, they must be buying the home as their primary residence.

The Initiative supports Freddie Mac’s mission to stabilize communities and support housing recovery through the creation of affordable homeownership opportunities.  For more information on the First Look Initiative go to http://www.homesteps.com/first-look-consumer.htm.  For more information about the Smart Buy program, go to http://www.homesteps.com/smart_buy.htm.

Also be aware, Freddie Mac is not the only entity out there offering great incentives!  Call or email me for more information.