The buyer and their selling agent must sign an Agreement of Purchaser (Primary Residence) affidavit affirming that the buyer will occupy the home as their residence. 30-Day Window for Offersīuyers must have their agent check the MLS or contact the listing agent to determine how many days are left under the First Look. In addition, HomeSteps homes eligible for the initiative will be clearly marked with an icon on. Eligible HomesĪll listed HomeSteps homes, except multi-family homes, are eligible for inclusion in the First Look Initiative.Īgents may contact the HomeSteps listing agent with questions regarding the eligibility of a home this information will also be included in MLS home listing information. Buyers intending to purchase the property for investment or similar purposes may submit offers to the listing agent and HomeSteps will consider them after the initial 30 listing days have expired.
Read the most frequently asked questions about the Freddie Mac First Look Initiative.įirst Look Eligibility and Identificationĭuring the first 30 days a home is listed for sale in the Multiple Listing Service (MLS), HomeSteps will consider purchase offers from owner-occupants, public entities or their designated partners.The initiative supports Freddie Mac's mission to stabilize communities and support housing recovery through the creation of affordable homeownership opportunities. 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. Non-profits engaged in community stabilization efforts the ability to purchase HomeSteps homes during their initial 30 days of listing without competition from investors. This ongoing initiative offers owner occupant homebuyers, Neighborhood Stabilization Program (NSP) grantees and Freddie Mac offers homebuyers and select non-profits an exclusive opportunity to purchase HomeSteps homes prior to competition from investors through the Freddie Mac First Look Initiative.
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