Fannie Mae announced today that it will be offering incentives to Buyers beginning on September 23 through December 31, 2010. The buyers will be offered an incentive of UP TO 3.5% of the final sales price which can be used toward closing cost assistance, including a home warranty, if desired and available.
- The property sale must close on or before December 31, 2010 and withing 60 days of offer acceptance.
- The buyer must be an owner occupant and you must submit an owner occupant certification
- The offer of up to 3.5% is considered a seller contribution and as such is subject to financing caps for the borrowers mortgage product. Consult a lender for more information. If the lender will only allow a 3% seller contribution, the .5% will NOT be available to the buyer.
Buyers agents will be offered UP TO an additional $1500 commission bonus!!! No bonus will be offered for investor purchases.
Contact me for more information on how to take advantage of this GREAT INCENTIVE.
As your PREFERRED REO TITLE EXPERT IN MARYLAND I can help you MAXIMIZE the 3.5% on your Fannie Mae purchase. Call me today to get more information, links to necessary documents and a preliminary HUD-1
The Preferred Title Group, Inc.
3605 E. Joppa Road
Baltimore, MD 21234