Fannie Mae helps First Time Buyers in California to make the dream of Home Ownership
Fannie Mae, the government agency of the United States has begun to sponsor the offers of buyers on homes with a special incentive to purchase a property through the program HomePath.
There are restrictions on eligibility, however those who qualify can receive up to 3.5 percent in assistance to cover closing costs.
The home must be in an average period HomePath – First Look – about 20 days during which only those who will occupy the property as their primary residence will be eligible to bid on the property, giving them the opportunity to purchase property without competition from investors.
The offer must be submitted between February 14 and March 31, 2014 and must close before May 31, 2014.