Seller Announces,”NO CLOSING COSTS”

Fannie Mae, the largest provider of residential home funding in the United States, announced Friday that it would pay the closing costs on purchases of foreclosed homes in its inventory.  The government-controlled company said buyers of qualified properties will get up to 3.5 percent in closing costs, or an equivalent amount for the purchase of new appliances.

Need Downpayment or Closing Cost Assistance? Here is a Perfect Match!

Have you ever wished someone would match you dollar for dollar on your savings for your next home purchase?  Well, the Atlanta Federal Home Loan Bank (FHLBank) does something even better.  It matches 5 to 1, meaning if you have saved $1000 towards an home purchase, you can get $5000! 

FHA BUYERS - More Details on Using the Tax Credit for Your Downpayment/Closing Costs

FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development on so-called home buyer tax credit loans that was released today.