first_img April 14, 2015 766 Views in Daily Dose, Featured, News, Origination Fannie Mae has announced the launch of the HomePath Ready Buyer program, through which qualifying homebuyers can receive up to 3 percent of the home’s purchase price in closing cost assistance toward the purchase of a HomePath property.This calculates to up to $4,500 in savings for a buyer on a $150,000 home. Qualifying homeowners will receive the assistance upon completion of an online homebuying education course, and Fannie Mae will reimburse the homeowner at the time of closing for the $75 cost of the homebuyer education course.”Purchasing your first home can be an overwhelming process,” said Jay Ryan, VP of REO Sales at Fannie Mae. “We developed the HomePath Ready Buyer program to provide first-time homebuyers with the knowledge to make informed decisions as they navigate the complexities of the home buying process. Closing cost assistance provides a cushion many first-time buyers need to more confidently face the financial responsibilities of homeownership.”The homebuyer education course covers by the complexities of the homebuying process and the responsibilities of owning a home in nine 30-minute sessions, all online. Fannie Mae has teamed with Framework, a nonprofit created by the Housing Partnership Network and the Minnesota Homeownership Center, to offer the course.In order to be eligible for the closing cost assistance and the reimbursement of the cost of the education course, buyers: must complete the full online training course and receive a certificate of completion; must be a first-time homebuyer or have not owned a property in the last three years; must plan to use the property as a primary residence; and must submit the request for closing cost assistance at the time of the initial offer on or after April 14, 2015. The online course must be completed before the buyer submits an offer in order to qualify for the closing cost assistance. Sharecenter_img Fannie Mae Launches Program to Assist First-Time Buyers With Closing Costs Closing Costs Fannie Mae First-Time Homebuyers Home Path Ready Buyer Program 2015-04-14 Seth Welbornlast_img read more

first_imgElevate Destinations has announced the launch of theme based donor travel for independent philanthropists interested in exploring and investing in issue-specific areas. The trips will focus on such issues as:-Coastal and marine preservation -Rainforest conservation -Cultural survival -Water scarcity -HIV/Aids alleviation -Human trafficking -Micro-credit -Women’s economic betterment -Youth empowerment and education.Each trip brings global philanthropists together with leading international NGOs working on these issues. Travelers will visit multiple projects and sometimes multiple countries to focus on the challenges of making an impact in these arenas.This is the latest innovation in strategic giving from a company that designs donor travel programs for leading international non-profits such as EcoLogic, Direct Relief International, the Global Fund for Children, KickStart, the School for Field Studies and WaterPartners International.Elevate Destinations relies on a deep network of non-profit partners and long experience in the international arena to ensure expertise and guidance to global philanthropists. The Independent Donor Travel Program offers flexibility and customization to philanthropists eager to optimize their contribution.www.elevatedestinations.comlast_img read more