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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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Empire State housing market stays hot in January

New York State home sales remained strong to start the new year with 8,698 closed sales, falling just shy of the 2017 record for January, according to the annual housing market report released by the New York State Association of REALTORS. The January statewide median sales price of $266,000 represented an increase of 8.4 percent from a year ago. Click here to read more.

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