I just received the following information directly from Fannie Mae via email:
3.5% Closing Cost Assistance and Appliance Incentive Extended Through June 30, 2010
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Fannie Mae is extending the 3.5% incentive for homebuyers who purchase and close on a Fannie Mae-owned home by June 30, 2010. Buyers purchasing properties listed on HomePath.com will continue to be offered an incentive of up to 3.5% of the final sales price to be used towards one of the following:
- Closing costs
- The purchase of new Whirlpool® appliances
- A mix of closing costs and appliances, at the buyer's discretion, up to the maximum 3.5%.
Eligibility
To be eligible for this incentive:
- Property sale must close on or before June 30, 2010
- Buyer must be an owner-occupant (second homes are eligible as long as they are owner-occupied) -- investors are excluded
The incentive reinforces Fannie Mae's commitment to stabilizing communities and assisting buyers. For more information about this incentive, visit HomePath.com, read the press release or contact a Fannie Mae listing broker.
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