Feb. 17, 2010

Fannie Mae Offers Closing Cost Assistance and Appliance Incentive for Their Homes

Fannie Mae announced a new incentive for people to buy the homes they have taken back, through their HomePath.com REO site.

From now until  April 30, 2010., Fannie Mae is offering a 3.5% incentive for buyers who purchase and close on a Fannie Mae owned home.

Buyers purchasing properties listed on their site that are closed before April 30, 2010 may receive up to 3.5% of the final sales price for:

  • Closing costs;
  • The purchase of new Whirlpool® appliances by Fannie Mae; or
  • A mix of closing costs and appliances, at the buyer's discretion, up to the maximum 3.5%.

To be eligible for this incentive:

  • Offers must be accepted on or after January 28, 2010
  • Property sales must close before May 1, 2010
  • Buyers must be owner-occupants, investors are excluded

If your looking for a bank owned home give me a call.

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