Freddie Mac, Fannie Mae Offer Home Buyer Incentives: Get Help Buying Eagle, Id Real Estate

February 27, 2014 by  
Filed under Uncategorized

If you have your heart set on owning Eagle, Idaho real estate, you may be able to take advantage of home buyer incentives from Freddie Mac and Fannie Mae.

Info About the Home Buyers Incentives From Freddie Mac

Here’s how the Freddie Mac program works. These incentives are to encourage people to buy condos in one of 27 states in the Freddie Mac program. You can get $500 from Freddie Mac to be used toward a home warranty, condo association dues or flood insurance premiums for offers submitted from February 18, 2014 and April 15, 2014.

The homes for sale in Eagle, Idaho that would not be eligible for this home buyer incentive would be houses bought with the intention of making them investment properties. Auction homes and bulk sales also don’t qualify for the program.

Idaho is one of 27 states that are eligible for these Freddie Mac home buyer incentives. Other states include Michigan, Utah, New Jersey and Washington.

Contact us for a list of Eagle, ID homes  for sale that qualify for the Freddie Mac program.

Other Home Buyer Incentives ~ Other Ways to Own Eagle, Idaho Real Estate

In related news about home buyer incentives, Fannie Mae is offering to help with closing costs for REO homes. The program is part of its FirstLook program.

If you opt for a program like this, whether you buy one of the homes for sale in Eagle, Idaho or choose a home in neighboring cities like Meridian or Boise, you can receive up to 3 1/2% of the final sales price taken care of in your closing costs.

However, you have to jump to take advantage of this home buyer program. You have to make an offer by March 31 and close on your new home before May 31, 2014.

These programs could be your first steps to buying a house in Eagle, Idaho or a home for sale in the surrounding area.