Gerald’s Article Insights: Fannie, Freddie Give Non-Investor Home Buyers ‘First Look’ Period
Fannie Mae and Freddie Mac are giving first time homeowners an additional 5 day head start on investors to make offers on some of its properties. First time homeowners now have 20 days with no competition from investors to view houses and submit bids. Some of the property listings also come with attractive mortgage terms like 5% down payments and no mortgage insurance. Fannie Mae’s listings can be found on homepath.com and Freddie Mac’s listings on homesteps.com.
-Gerald