Purchasers who intend to be owner-occupants of Fannie Mae-owned homes will receive 3.5% in closing costs or an equivalent amount in home appliances for properties listed on HomePath.com. The offer expires on May 1, 2010. The effort aims to attract to the market more qualified buyers and reduce its real estate owned inventory, Fannie Mae executives said. Therefore it is offering an additional incentive to the homebuyer federal tax credit for first-time buyers and other affordable financing options. For example HomePath Mortgage and HomePath Renovation Mortgage listings also provide a 3% down payment alternative to qualified borrowers.
Processing Content
