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.