WASHINGTON, D.C. (Fannie Mae) – Fannie Mae has announced new incentives on Fannie Mae-owned properties listed on the company’s REO website, www.HomePath.com.
Qualified homebuyers who will be owner-occupants can receive up to 3.5 percent of the final sales price that can be used toward closing cost assistance, including a home warranty, if desired and available.
In addition, selling agents representing owner-occupants will receive a $1,500 bonus. Eligible offers must be submitted on or after Sept. 23, 2010, and must close by Dec. 31, 2010. The sale must close within 60 days of the offer being accepted.
HomePath properties are owned by Fannie Mae and include a wide selection of homes, including single-family homes, condominiums and town houses. HomePath properties may also be eligible for special HomePath Mortgage and HomePath Renovation Mortgage financing.