Fannie Mae recently began offering to pay up to 3% of closing costs for buyers of bank-owned properties. That would save a buyer $4,500 on a $150,000 home and would equal the program’s required 3% down payment. The incentive is part of Fannie Mae’s HomePath program, designed to liquidate thousands of foreclosed properties.
Advertisement
Related Stories
Codes + Standards
Public Comment Period Opens for National Green Building Standard Updates
The 45-day public comment period for draft 2 of the 2024 NGBS begins on April 12, 2024
Codes + Standards
Public Comment Period Opens for 2024 National Green Building Standard Update
The 45-day public comment period opened Aug. 18, and comments must be submitted by Oct. 2, 2023
Codes + Standards
The Inefficiencies of the Latest Energy Code
The 2021 edition of the International Energy Conservation Code (IECC) hampers the return on investment for builders and homebuyers