FANNIE MAE HOMEPATH INCENTIVES ANNOUNCED

We recently wrote about the Fannie Mae HomePath program.  Yesterday Fannie announced some additional incentives to an already excellent program.

"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). 

"The incentive reinforces the organization's commitment to stabilizing communities and assisting buyers. For more information about this incentive, visit www.HomePath.com, read the press release on fanniemae.com."

 Our previous posting regarding this program can be found here.

               

 Cari CA DRE 01220718  Doug CA DRE 01165309