Fannie Mae has announced the roll out of their newest closing cost assistance program for first time homebuyers. The HomePath Ready Buyer™ Program provides first time homebuyers with a comprehensive educational course to help prepare them for the “responsibilities of homeownership.” Upon successful completion of the course, first time homebuyers will receive a certificate of completion which can be submitted with a request up to 3% of closing cost assistance on a HomePath property by their real estate agent.
The 4-hour course has a $75 fee that may be reimbursed by Fannie Mae if the homebuyer choses to buy the HomePath property and successfully closes on a contract. Initial offers submitted through the HomePath Online Offers system on or after April 14, 2015 are eligible. Other terms and conditions apply. For more information please contact me.