For a limited time, GSE (Government-Sponsored Enterprise) Fannie Mae is offering up to 3.5% closing cost assistance on properties in 27 states, including Illinois. The program only applies to owner-occupied purchased and the savings may be used to buy down the buyer's interest rate, resulting in an even bigger savings over the long haul.
To be eligible, buyers must submit their offers on Fannie Mae properties by no later than March 31st and the transactions must close before June. If you or someone you know is thinking of buying a home this spring, this is a great opportunity to save some money!
Go here for more information:Fannie Mae Closing Cost Assistance Program
Call me if you have any questions or would like to get started looking for a new home before prices and interest rates climb higher.