Is buying a home with a Fannie Mae HomePath loan a way to reduce closing costs? Today’s question comes from Tampa, FL
Q: What closing costs are covered by Fannie Mae HomePath loans?
I heard buying a home through HomePath can greatly reduce closing costs as well as the down payment.
A: Typically Fannie Mae will pay for up to 3% of the buyer’s closing costs if it is included with the original offer.
Written By: Dedire Woollard . If you would like to continue reading, click here.