First Look™ Program
Fannie Mae's innovative First Look marketing period was created
to promote homeownership and contribute to neighborhood stabilization —
allowing homebuyers to bid and purchase foreclosed properties before they are
made available to investors.
*Owner occupants are those buyers that will occupy the property
as their principal residence within 60 days of closing and will maintain their
occupancy for at least 1 year. Owner-occupant purchasers are required to sign
an Owner Occupant Certification as a rider to the Real Estate Purchase
Addendum. A buyer purchasing in the name of a trust, purchasing as a vacation/part-time
residence, or purchasing so another person or relative can live in the property
will typically be considered an investor and not eligible during First Look.
submitted after the First Look period expires will be considered along with all