Get free access to our world class MLS search tools, save your favorite listings, create saved searches & much more!

Get 3.5% Paid Toward Your Closing Costs!

Posted by Mastura Zaini-Roberts on Thursday, February 27th, 2014 at 6:55am.

Mortgage Closing CostsIf you have been thinking about buying a home in Las Vegas in the next five weeks, Fannie Mae might pay 3.5% of your closing costs!

This spring, in an effort to move some of the foreclosure inventory in its portfolio quickly, Fannie Mae is offering a special closing cost incentive for owner/occupants who go to contract by March 31st, 2014 and close by May 31st, 2014 on one of its HomePath properties. They will pay 3.5% of the sales price as a cash incentive on listings that are purchased during the "First Look" period. 

The "First Look" period is defined as the first 30 days the property is listed for sale in Nevada. (In other states it is only 20 days.) To encourage home ownership, during that time period ONLY owner/occupants are allowed to bid on Fannie Mae properties. Each "First Look" property has a countdown clock that indicates the number of days remaining before bidding is also opened to investors.

You do NOT have to be a first time buyer to purchase a home under this program, just an owner/occupant. To obtain a list of Fannie Mae HomePath properties for sale in Las Vegas, call 702-985-7654 or email us at sold@greatlasvegashomes.com

In addition to offering the closing cost cash incentive, Fannie Mae will also waive the appraisal if the buyer uses a Fannie Mae approved HomePath lender. We can also help you find an approved local lender in the Las Vegas area.

**Please note that Fannie Mae HomePath properties are foreclosure listings and are sold "as is where is." Buyers are highly encouraged to get a home inspection on any HomePath property as part of their due diligence period. 


 

Mastura Roberts
(702) 919-5400
offers@greatlasvegashomes.com

Team Leader, The Tonnesen Team
Berkshire Hathaway HomeServices, Nevada
3185 St Rose Pkwy #100 Henderson, NV 89052

With over 30 years of experience helping families call Las Vegas "home!"



Related Blog Posts

Just Sold Las Vegas Home – 4926 Marasco Drive Las Vegas, NV 89122

This charming one-story home on a cul-de-sac in the lovely, age-restricted, gated community of Silver Springs Sterling has a new owner! Although probate sales can often be problematic, this one closed with no difficulties due to the efforts of agent, Melodi Hunter and the #1 Tonnesen Team at Berkshire Hathaway Nevada...

Time to Talk Turkey on Celebrity Home!

Price Slashed on Wayne Newton's Home! Evidently the $70M price tag on Wayne Newton's former residence, Casa de Shenandoah, was not generating any offers - or any lookers either. Even with the F28 jet and private airplane terminal thrown in, no one was showing any interest in the property. So the price was just slashed...

Greater Las Vegas Real Estate Market Overview

August 2017 Single Family Residential (SFR) closed sales were up 4.2% from July and 5.1% better than August 2016. Year to date 2017 closed sales are now up 10% over 2016.   The median closed sales price of a SFR remained flat at $260,000 while the average closed sales price of an SFR dipped t...

Renter Turns Into Happy Homeowner and Saves Money

by Lisa Alberian When my family decided to move to Las Vegas, we rented a house in a nice neighborhood. Since we didn’t know much about the area, we relied on our real estate agent’s knowledge to help us make decisions in addition to a lot of our own research. We were very fortunate to find a nice rental house in H...

Get Top Dollar: Cheap Tips to Make Your Home So Nice, You Don't Want to Sell!

After 30 years of selling real estate in Las Vegas, I can state for a fact: Most buyers have ZERO imagination. When buyers tour a home for sale, most have a very difficult time visualizing anything other than the condition it is in currently. While a small percentage actually prefer a fixer-upper so they can get what t...

Leave a Comment

Have a Question?

Contact Us

Follow Us