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The initiative supports Freddie Mac's mission to stabilize communities and support housing recovery through the creation of affordable homeownership opportunities. Read the most frequently asked questions about the Freddie Mac First Look Initiative.
Jul 29, 2024 · To keep homes affordable and accessible, HomeSteps follows the Freddie Mac First Look Initiative, which gives homebuyers a 30-day window to submit an offer on a home before facing competition from investors.
Oct 22, 2018 · If you're looking for a good deal on a home (and who isn't?) you may want to consider the Freddie Mac First Look Initiative. This program is offered through HomeSteps, which is Freddie Mac's real estate sales unit. The First Look Program allows you to make bids on homes owned by Freddie Mac.
Sep 12, 2023 · For Fannie Mae, Freddie Mac, and HUD properties, a first-look period is required for all real-estate-owned properties. Otherwise, sellers (usually the servicer) can put their properties in the First Look program.
How will I know if a home is included in the Freddie Mac First Look Initiative? HomeSteps homes eligible for the Initiative will be highlighted in the property listing remarks of the MLS and are clearly marked with a First Look icon on HomeSteps.com.
The new, user friendly Seller/Servicer Guide will make it significantly easier for you and your team to find, understand and share critical information.
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Eligibility requirements. The following eligibility requirements apply to second home Mortgages: The Mortgage must be secured by a 1-unit property. The Borrower must occupy the second home for some portion of the year. The Borrower must keep the property available primarily (i.e., more than half of the calendar year) for the Borrower’s ...
