I received the following email from Fannie Mae this morning regarding foreclosure homes held by them. I’ve called them and confirmed that Arizona is included in this program. Fannie Mae only requires a 5% downpayment for owner occupants which is who this program is directed towards.
Scroll down for details and a link to a list of Fannie Mae HomePath properties. The list is continuously updated and comes direct from the MLS.
3.5% Closing Cost assistance is available! Act now!
Fannie Mae is offering up to a 3.5% closing cost assistance for owner-occupant buyers and public entities who request the incentive at their initial offer during the First Look™ period, purchase a HomePath property in select states on or before March 31 and close by May 31, 2014.
