Be very careful if you want to use this program. Freddie Mac is over charging for the homes and for the loans. Work with an agent you can trust. If you want the home, and don't mind overpaying, then this is a great program!
I will be glad to help you find a home that qualifies! Then we can look at ALL the choices together.
Freddie Mac offers incentives on REOs
$1,200 bonus to buyer's agents on sales that close by Sept. 30
Hoping to boost sales of foreclosed homes, Freddie Mac is offering up to 3.5 percent in closing-cost assistance to homebuyers and a $1,200 bonus to buyer's agents for offers on HomeSteps properties received by July 31 with escrow closing on or before Sept. 30.
On the purchase of a home priced at $150,000, for example, HomeSteps will pay up to $5,250 toward closing costs. Investors are not eligible for Freddie Mac's HomeSteps summer sales promotion -- only homes sold to owner-occupants qualify.
