Fannie Mae announced the extension of its buyer assistance incentive on all Fannie Mae-owned HomePath properties. Buyers will receive 3.5 percent of the final sales price to be used toward closing cost assistance or their choice of selected appliances. The offer is available to any owner-occupant who closes on the purchase of a property listed on www.HomePath.com by June 30, 2010.

Properties listed on www.HomePath.com are owned by Fannie Mae and include a wide selection of homes, including single-family homes, condominiums, and town houses. HomePath properties may also be eligible for special HomePath Mortgage and HomePath Renovation Mortgage financing, which offers prospective buyers an opportunity to purchase properties with as little as 3 percent down.

See properties listed on HomePath.com For Sale in Santa Clara County

Here are the key benefits of a HomePath® financing Loan: 

Only 3% down required on a primary residence property* 

No mortgage insurance required** 

No property appraisal required 

Only 10% down on 1-unit investment properties 

Allows investors to finance up to ten properties 

For more information about the program and to find out if you qualify call Kenny Stephen of Prospect Mortgage, 415.412.3363. You will be glad you did!