Want to buy a Foreclosure in Chesapeake, VA? Fannie Mae HomePath might be the way!

Have you ever wanted to buy a foreclosure but was told your type of financing will not lend on that home. Buyers don’t miss the boat, Fannie Mae has a new great offer for you! This program can help you find a great forclosed home that meets Miminum Property Standards.

The new program started June 14th and will be good until October 31st, 2011. Fannie Mae is currently giving buyers up to 3.5% closing cost assistance.

Initial offer must be submitted on or after June 14, 2011and close on or before October 31, 2011. Initial offers made prior to June 14 are not eligible for the June 14 – October 31 incentive.

This program is for Fannie Mae HomePath foreclosure properties only to be used as a primary residence to receive closing cost assistance. Second homes and investment properties are excluded from the incentive.

Sales must be closed using cash, retail, HomePath, or public funds financing only. Homes sold through auction or investment pools are ineligible. Properties acquired by Fannie Mae by reverse mortgage will be ineligible.

Lenders and mortgage products may impose their own limitations on the use of the 3.5% incentive. For example, the lender may consider the incentive a Seller Contribution and limit the amount to 3.0%. In those instances, the remaining 0.5% will no longer be available to the buyer. If less than the 3.5% is used the buyer does not receive the difference.

For more information please consult a lender! If you are in Hampton Roads areas and need help finding a reputable lender give me a call!

If you are in Hampton Roads, Southern Virginia Cities: Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Smithfield, Suffolk, Williamsburg, York County. Join the Group, http://activerain.com/groups/hamptonroads

“I can dream alone, build alone and strive alone, but true success always requires the help and support of others. Please send me your referrals.”

Visit my website today, The Hampton Roads Real Estate Lady!

Deandrea “Dee Dee” Jones djoneshomes@gmail.com

Associate Broker Wainwright Real Estate Virginia Beach, VA

Certified Real Estate Instructor Millennium School Of Real Estate


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About djonesrealestate

Contact me for all you real estate buying and selling needs in VA, DC, and MD. Need to find an agent in a different city- contact me and I can also help you relocate Nationwide! Let me give you the Red Carpet Treatment! I have been a Real Estate agent since 1996 previously licensed in California and Illinois, and currently licensed in Virginia, Maryland, and Washington DC. I am a mother of three and a Navy spouse, as your agent I am committed to exceeding your expectations. Whether you are a first time home buyer or some one who has bought and sold several homes I offer all my clients the benefits of professional customer service, industry experience, and innovative marketing. If you work with a church or non-profit group and would like me to host a home buying course. Please feel free to contact me! DeAndrea Dee Dee Jones Principal Broker DC, MD Realtor VA Home Buyers Marketing II, Inc HBM2, Inc. DJonesRealEstate.com

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