HomeSteps
HomeSteps is the real estate sales unit of Freddie Mac and industry leaders in the REO market. HomeSteps is currently offering homebuyers some great incentives.
HomeSteps Incentives
Owning Utah real estate may be more affordable than you think. If you currently rent or are considering homeownership, now is the time to make a smart buy.
Freddie Mac First Look Initiative
Freddie Mac will offer homebuyers and select non-profits an exclusive opportunity to purchase HomeSteps homes prior to competition from investors through the Freddie Mac First Look Initiative. This on-going initiative offers owner occupant homebuyers, Neighborhood Stabilization Program (NSP) grantees and non-profits engaged in community stabilization efforts the ability to purchase HomeSteps homes during their initial 15 days of listing, without competition from investors. The purchaser does not need to be a first time homebuyer to be eligible provided, however, that they are buying the home as their primary residence.
HomeSteps SmartBuy
HomeSteps SmartBuy is our exciting home purchase program that offers:
* A limited two-year HomeProtect® Home Warranty
* Up to 30% savings* on new appliances
Buying a HomeSteps® home is truly a smart buy!
Homebuyer Incentive**
* Up to 3.5% actual buyer’s closing cost
* 2-Year HomeProtect Limited Home Warranty***
DURATION OF BUYER’S CLOSING COST OFFER: May 16, 2011 – July 31, 2011 with escrow closed on or before September 30, 2011.
TERMS: The buyer’s closing cost offer shall be subject to these official Terms and Conditions, and by entering, all Participants agree to be bound by the terms and conditions herein. (As used in these Terms and Conditions, “Participant(s)” and “you” shall have the same meaning.). Void where restricted or prohibited by law.
ELIGIBILITY: The HomeSteps Buyer’s Closing Cost Offer (hereinafter, and as further described and defined in these Terms and Conditions, the “Closing Cost Offer”) is available only to Participants who purchase and close on a qualifying HomeSteps home during the Program. The home may be located anywhere in the United States (including PR, VI and GU). However, to qualify for this offer, a HomeSteps home must be a single family, owner- occupied, financed dwelling used solely for residential purposes. Auction, sealed bid and bulk sale properties do not qualify for the Closing Cost Offer.
HOW TO PARTICIPATE: No coupon required. To take advantage of the Closing Cost Offer, contact us and we will show you HomeSteps homes in your area.
DESCRIPTION OF CLOSING COST OFFER: Upon qualified closing, HomeSteps will pay up to 3.5% of the purchase price of your home to cover certain closing costs. For purposes of this offer, the following types of actual expenses are deemed closing costs:” FHA or VA non-allowables, non-recurring closing costs, discount points, loan origination fees, other customary and reasonable lender fees and pre-paid expenses, survey, and appraisal fees. In the event the total of your closing costs are less than the amount of 3.5% of your home’s purchase price, then HomeSteps’ payment will be limited to the total of such actual closing costs. As an example of your savings, if the purchase price of your home is $150,000, HomeSteps will pay up to $5,250 towards your closing costs. Please note that HomeSteps will only pay up to 3.5% of your purchase price in closing costs, not to exceed the total closing costs.
For instance, if your purchase price is $125,000, and your closing costs are $4,250, HomeSteps will only pay $4,250, an amount equal to 3.4% of your purchase price. In any event, HomeSteps will not be obligated to pay any closing costs if you do not pursue and obtain financing for a qualifying home. You will pay all closing costs not covered by HomeSteps.
**HomeSteps homebuyer incentives are available to owner-occupants only.
***Terms, conditions and limitations apply. Not all homes or borrowers will qualify.
Utah’s Real Estate Experts
If you are interested in taking advantage of these HomeSteps Incentives, please contact us today and we will be more than happy to help you locate and secure a qualifying home.
