Fannie Mae Offers New Incentives for Homebuyers

FannieMaeFannie Mae is offering a 3.5% incentive* for buyers who purchase and close on a Fannie Mae-owned home between January 28 and April 30, 2010. Buyers purchasing properties listed on that are closed within this period 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%.

For a buyer to be eligible for this incentive, his/her offer must be accepted on or after January 28, 2010; the sale must close before May 1, 2010; and the buyer must be an owner-occupant; investors are excluded.
*Lenders may impose their own limitations on the use of the 3.5% incentive, so buyers should consult their lenders for guidance.



About Ron Cohen

Retired, I've spent the past few years describing "the life of a pond in words and photographs:" Recently I've created a new photo blog devoted to "people and places along my way:"
This entry was posted in Down Payment Assistance, FHA, Fannie Mae & Freddie Mac and tagged , . Bookmark the permalink.

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