Freddie Mac Expands First Look Initiative

Freddie Mac announced it is expanding its First Look Initiative, effective on September 17, 2010, so any home shopper can buy a HomeSteps® home as their primary residence during the first 15 days of the property's listing without competition from investors.

Nonprofit organizations may also buy during the 15-day window. The Freddie Mac First Look Initiative supports Freddie Mac's mission to stabilize communities and foster affordable homeownership opportunities.

Home shoppers should contact their local real estate broker or visit Freddie Mac's website for more information about the Freddie Mac First Look Initiative. Information on Fannie Mae's similar 15-day First Look policy for home buyers and nonprofits is available on Fannie Mae's website.