Are Closing Costs Covered By HomePath Loans?

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.

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