Fannie Mae just announced that on or After April 14, 2015 you can request the 3% towards closing costs on Fannie Mae HomePath properties.
That was the headline from a WSJ.com article and they are 100% correct. Some refer to these buyers as Boomerang Buyers.
Many people will tell you getting a mortgage is extremely difficult and I would be one to 2nd that however it is most times self-inflicted and something that can be prevented by planning in advance and using the right professionals. Most do not understand what is involved in buying a home until they are in middle of it and it’s too late.
You can get up to $2,000 per year in a tax credit from the State of Florida if you are a first-time homebuyer and depending on your yearly income you might qualify for as much as $50,000 in down payment assistance.
