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Fannie Mae offers closing cost aid to first-time buyers

Apr 15, 2015
Fannie Mae has announced a new program that will allow first-time homebuyers of its properties to receive up to three percent of the purchase price in closing cost assistance. For example, on a $150,000-priced home, buyers could receive up to $4,500 in closing cost savings. 
 
Called the HomePath Ready Buyer Program, it will require eligible buyers to complete an online home buyer education course as well as purchase a HomePath property – the branding that Fannie Mae uses for the foreclosed properties it owns. The education course buyers are required to take covers the responsibilities of owning a home and the home buying process. The course includes nine, 30-minute sessions and is offered exclusively online.
 
Click here to learn more. 
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August sales fall just short of 2016 record

August home sales were strong across the Empire State, setting the second-highest total on record for the month at 14,174 units. The statewide median sales price growth trend continued in August, posting a 6.9-percent increase compared to August 2016. Click here to read more.

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