Great location for a business or rehab for investor. Seller will offer an allowance up to $500 to owner-occupant buyer's purchase of a home warranty of their choice. IN ADDITION to normal Buyer closing costs, Buyer pays Doc Stamps on the Deed, closing fee of $250 and electronic recording fee of $4.50. If asking for closing cost assistance the maximum they will consider is 3% of the purchase price for owner occupants with financing or 1% of the purchase price for owner-occupied cash sales. Investor sales are not eligible for buyer closing cost assistance. Closing cost assistance cannot go towards transfer taxes (doc stamps on the deed, doc stamps on the mortgage, intangible tax on the note.) EMD must be in the form of a cashier check or money order. Freddie Mac does not complete mold or problem drywall remediation or provide any type of clearance or certification to the buyer.
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