Fannie Mae extends the 3.5% closing cost assistance on HomePath foreclosures to buyers through October in Arizona

Fannie Mae announces 3.5% buyers assistance to use towards your closing costs in Arizona on HomePath foreclosure Houses available for sale until October 31, 2011.

So on a $150,000 house in Arizona that's $5,250 towards your closing costs!  Also, there is a 15 day period on new listings that only owner occupied purchasers are allowed to make offers!

Other benefits of this program for owner occupants:

3% down payment - low down payment required!

You may qualify if your credit is less than perfect

Down Payment can be funded by your own funds, a gift, a grant, or a loan from a non profit, state or local government, or employer

First Time Home buyers qualify

Flexible loan terms - fixed rate, adjustable rate and interest only options available

To see available HomePath houses;  www.homepath.com

To get pre qualified for the homepath mortgage financing program: APPLY NOW