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Special Programs
Special Programs for Homeowners
There are several programs available to new home buyers. Whether you're a first-time homebuyer or a repeat buyer, you can still qualify for some great deals!
Check out the special programs below. You may be able to save thousands on buying your home!
1. $8,000 Tax Credit
2. HomeSteps
3. HomePath
Let's start with the 10% Tax Credit. That's a maximum of $8,000 back to you - but you must buy before November 30, 2009! Listen to the IRS to find out more about it.
The HomeSteps program is a special program from FreddieMac.
Promotion Dates:
Initial offers received July 17, 2009 - October 30, 2009, with escrow closed by December 31, 2009.
Introducing SmartBuy, an exciting nationwide purchase program brought to you by HomeSteps (Freddie Mac). As a potential homebuyer you may be wondering, what makes a HomeSteps home a SmartBuy?
Start with the 2-year, comprehensive HomeProtect® Home Warranty offered on HomeSteps homes. Add to that, for a limited time, our generous 3.5%* Buyer’s Closing Cost offer! And know that HomeSteps homes are priced at fair market value. All add up to a SmartBuy.
As part of the SmartBuy purchase program, HomeSteps is offering:
- Comprehensive two-year HomeProtect** Home Warranty
- Up to a 3.5%* Buyer's Closing Cost offer (must be submitted upon initial offer)
- HomeProtect** Appliance Discount (up to 30% savings on name brand appliances)
Now, no matter where you live in the United States, owning your own home may be more affordable than you think! If you currently rent or are considering homeownership, now is the time to make a SmartBuy. The HomeSteps SmartBuy purchase program may help you on your way to homeownership, with a little added peace of mind.
To qualify for this offer:
| 1. | Complete the SmartBuy Buyer’s Closing Cost registration form to obtain your coupon. |
| 2. | Ask your real estate agent to show you the available HomeSteps homes in your area. |
| 3. | Confirm with your real estate agent that the Home Protect Home Warranty is available with this home. |
| 4. | Present your completed Buyer’s Closing Cost coupon upon initial offer on a HomeSteps home. |
| 5. | Receive your SmartBuy Buyer’s Closing Cost offer, upon qualified closing. |
| 6. | Receive your Home Protect 2-year Home Warranty upon qualified closing. |
| 7. | Complete and submit the Homebuyer Survey form to your Closing Agent (Closing Agent to provide) |
HomePath Financing (Fannie Mae)
The benefits include:
- Low down payment and flexible mortgage terms (fixed-rate, adjustable-rate, or interest-only)
- You may qualify even if your credit is less than perfect
- Available to both owner occupiers and investors
- Down payment (at least 3 percent) can be funded by your own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer
- No mortgage insurance*
- No appraisal fees
- Also eligible for HomePath Renovation Mortgage (see details below)
- HomePath Mortgage financing is available from a variety of lenders - both local and national.
HomePath® Renovation Mortgage Financing
Available only on homes you make your primary residence and offers these benefits:
- Financing to fund both your purchase and light renovation
- Low down payment and flexible mortgage terms (fixed-rate or adjustable-rate)
- Down payment (at least 3 percent) can be funded by your own savings; a gift; a grant; or a loan from a nonprofit, state or local government, or employer
- No mortgage insurance*
- HomePath Renovation Mortgage financing is available from several lenders.
If you're an investor interested in renovating a property, you may qualify for financing under our HomeStyle® Renovation Mortgage product. Most HomePath Renovation lenders also offer our HomeStyle Renovation product, but there are many other lenders as well. For more information, contact your preferred lender.
* Ask your lender for cost details on loans without mortgage insurance