Ingrid B. Quinn

NMLS ID #211652 Arizona, Loan Consultant

Fannie Mae Closing Cost Assistance

1 Comment


FNMA has announced that homebuyers may receive up to 3.5% of the sales price in closing cost assistance on purchase offers submitted on HomePath properties between 2/14/14 and 3/31/14 when purchasing during the First Look period. During the First Look period, owner-occupied buyers are able to submit offers, giving them the opportunity to purchase homes without competition from investors. The First Look period has recently been extended from 15 days to 20 days. Purchases must close on or before 5/31/14.

The incentive will offer qualified buyers up to 3.5% of the final sales price to pay closing costs. If closing costs do not total the 3.5%, the buyer is not able to take the left over amount as a credit back. The incentive is not available on second homes or investment properties.

Prospective buyers can search for properties and easily identify how many days remain on a property’s First Look period by visiting “For more information regarding this incentive, please visit the Fannie Mae website for complete details:

Consult your local Realtor for additional information on how to submit an offer to HomePath.

For questions about the Fannie Mae HomePath mortgage financing, please contact me at or visit my website at or

Author: ibquinn

I am a Senior Loan Officer at Caliber Home Loans, with over 35 years of Mortgage Banking experience. I have the expertise and knowledge to help focus in on your home-ownership goals and make them into reality. My team of experienced mortgage professionals and I can assist you in all steps of the home buying process and ensure that you have a smooth and hassle-free transaction. Caliber cannot accept mortgage loan applications or inquiries for properties located in New York through this site. Ingrid Quinn NMLS #211652 BK#0923637 Licensed in AZ, CA, OR

One thought on “Fannie Mae Closing Cost Assistance

  1. I do agree with all the ideas you have offered in your post.
    They are really convincing and will certainly work.
    Nonetheless, the posts are too quick for newbies. May you please prolong them a bit
    from next time? Thank you for the post.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s