First-Time Buyers Earn Three Percent Back - Baird & Warner
Baird & Warner, Finance

First-Time Buyers Earn Three Percent Back

Fannie Mae has debuted its HomePath Ready Buyer program, providing first-time homebuyers up to a three percent rebate of a home’s purchase price if they buy a Fannie Mae property and complete a $75 online homebuyer education course. Once the buyer receives the rebate, they will also get a refund for the course.

“HomePath Ready Buyer has the potential to give first-time buyers $4,500 in savings on a $150,000 home,” said Steve DiMarco. “This, along with a variety of IHDA programs, can really help you get a potential buyer off the fence. And when it comes to these deal-changing opportunities, our loan officers are the absolute best in helping your clients obtain the necessary financing to accomplish their real estate goals.”

Key Mortgage is the No. 6 Illinois Housing Development Authority (IHDA) lender in the state and the No. 1 local mortgage company on the list. Through this partnership, Key Mortgage is able to offer clients access to such opportunities as @HomeIllinois, a multi-faceted program that provides 30-year, fixed-rate, affordable loans and grants of $5,000 to help with a down payment or closing costs.

For more information about buyer assistance programs, speak with a Key Mortgage loan officer.

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