People purchasing a Fannie Mae-owned HomePath property will receive up to 3.5% in closing-cost assistance or an equivalent amount in their choice of appliances, Fannie Mae says. The offer is available to any owner-occupant who closes on the purchase of a property listed on HomePath.com before May 1.
‘Many families are taking advantage of the federal home buyer tax credit to buy a new home so this is a great time for Fannie Mae to offer some additional help,’ says Terry Edwards, executive vice president of Fannie Mae's credit portfolio management.
Properties eligible for this incentive are listed on HomePath.com, and most listings include detailed property descriptions, photographs, community and school information and more. In addition, many Fannie Mae-owned properties are eligible for special HomePath Mortgage and HomePath Renovation Mortgage financing, which offers home buyers an opportunity to purchase with as little as 3% down.
SOURCE: Fannie Mae