Looking to get a home with a homepath mortgage. I know the program is ended soon so on the website it says "Available only with specific lenders and must have an executed signed contract registered with Fannie Mae before Oct. 6th, 2014."
What exactly is an "executed contract" when buying a home? Is it the acceptance of the offer or has closing already occurred? Just wondering if realistically there is enough time to get this financing.
Read more: What exactly does this statement mean?
