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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 home sales set January record

The home sales growth trend continued in New York State during January with the 8,472 closed sales setting a new high-water mark for the month. The January statewide median sales price of $250,000 represents an increase of 8.7 percent from a year ago. Click here to read more.

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