A foreclosed property can represent a great opportunity and a good value — but a Fannie Mae HomePath Property can offer even more! Some homes may qualify for special incentives, which will be clearly indicated on the property details page of an eligible property.
First Look™ Program Details
We want the homeowner to have a first chance to purchase--before an investor--so Fannie Mae's innovative First Look marketing period was created to promote home ownership and contribute to neighborhood stabilization — allowing home buyers to negotiate and purchase foreclosed properties before they are made available to investors.
We have a list of foreclosed properties and you might be suprised to learn that many of them are in really great shape...only needing appliances and perhaps a little yard work. One of my past buyers was able to combine the Home Is Possible Grant for down payment assistance with the HomePath property (which can assist with closing costs) and she moved into her new home for very little out of her own pocket. She is now paying less per month to buy her home, than what her rental home would cost her today to rent.
Call us to find out how you can buy a Fannie Mae HomePath property.