Fannie Mae & Buyer Incentives?!

2 Feb

Fannie 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 HomePath.com 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%.

To be eligible for this incentive:

· Offers must be accepted on or after January 28, 2010;

· Property sales must close before May 1, 2010, and;

· Buyers must be owner-occupants (investors are excluded).

Looks like they need a little help selling off all those foreclosed homes…either way, a potential win-win for buyers.

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