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Fannie Mae Announces Incentives to Buy Foreclosure Properties
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You're Now Reading:
Fannie Mae Announces Incentives to Buy Foreclosure Properties
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Fannie Mae Announces Incentives to Buy Foreclosure Properties
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

Septermber 14, 2010 (Chris Moore)

With a record number of foreclosures in its inventory, mortgage giant Fannie Mae has decided to institute a program it hopes will give home buyers incentive to buy from them. One can only wonder if other mortgage holders will consider similar programs to help reduce their foreclosed properties.

As part of the program to help speed up home sales and get their troubled mortgages off their books, the government lender is offering to pay closing costs for home buyers and paying real estate agents a bonus of $1500 after the home purchase closes.

Qualified home buyers who intend to live in the properties can get as much as 3.5% closing cost assistance. To be eligible for the credit, buyers must submit their offer after September 23rd and the transaction must close no later than December 31st 2010 or within 60 days of being accepted, which ever is first.

The program is in reaction to pressure exerted by lawmakers who are urging Fannie Mae and Freddie Mac to rid themselves of foreclosed properties and help speed up the housing recovery. Foreclosures are at an all-time high with more than 1.3 million homes to be foreclosed in 2010 alone. Freddie Mac and Fannie Mae hold over one million foreclosed homes in their inventory.

The homes and properties Fannie Mae sells include single family homes, condominiums, and townhouses. This program represents a great opportunity for home buyers who are currently looking for a home a great chance to save money on closing costs.

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

Septermber 14, 2010 (Chris Moore)

With a record number of foreclosures in its inventory, mortgage giant Fannie Mae has decided to institute a program it hopes will give home buyers incentive to buy from them. One can only wonder if other mortgage holders will consider similar programs to help reduce their foreclosed properties.

As part of the program to help speed up home sales and get their troubled mortgages off their books, the government lender is offering to pay closing costs for home buyers and paying real estate agents a bonus of $1500 after the home purchase closes.

Qualified home buyers who intend to live in the properties can get as much as 3.5% closing cost assistance. To be eligible for the credit, buyers must submit their offer after September 23rd and the transaction must close no later than December 31st 2010 or within 60 days of being accepted, which ever is first.

The program is in reaction to pressure exerted by lawmakers who are urging Fannie Mae and Freddie Mac to rid themselves of foreclosed properties and help speed up the housing recovery. Foreclosures are at an all-time high with more than 1.3 million homes to be foreclosed in 2010 alone. Freddie Mac and Fannie Mae hold over one million foreclosed homes in their inventory.

The homes and properties Fannie Mae sells include single family homes, condominiums, and townhouses. This program represents a great opportunity for home buyers who are currently looking for a home a great chance to save money on closing costs.

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

Septermber 14, 2010 (Chris Moore)

With a record number of foreclosures in its inventory, mortgage giant Fannie Mae has decided to institute a program it hopes will give home buyers incentive to buy from them. One can only wonder if other mortgage holders will consider similar programs to help reduce their foreclosed properties.

As part of the program to help speed up home sales and get their troubled mortgages off their books, the government lender is offering to pay closing costs for home buyers and paying real estate agents a bonus of $1500 after the home purchase closes.

Qualified home buyers who intend to live in the properties can get as much as 3.5% closing cost assistance. To be eligible for the credit, buyers must submit their offer after September 23rd and the transaction must close no later than December 31st 2010 or within 60 days of being accepted, which ever is first.

The program is in reaction to pressure exerted by lawmakers who are urging Fannie Mae and Freddie Mac to rid themselves of foreclosed properties and help speed up the housing recovery. Foreclosures are at an all-time high with more than 1.3 million homes to be foreclosed in 2010 alone. Freddie Mac and Fannie Mae hold over one million foreclosed homes in their inventory.

The homes and properties Fannie Mae sells include single family homes, condominiums, and townhouses. This program represents a great opportunity for home buyers who are currently looking for a home a great chance to save money on closing costs.

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.