Fannie Mae is extending a 3.5% closing costs incentive for buyers who purchase and close on a Fannie Mae-owned home between today and April 30, 2010. These Fannie Mae owned homes are part of a program known as HomePath – most represent FHA backed properties that fell into foreclosure. The 3.5% contribution is based on total sales price and can be used towards:
- Closing costs
- The purchase of new Whirlpool® appliances by Fannie Mae, or
- A mix of closing costs and appliances, at the buyer’s discretion
To be eligible for this incentive:
- Offers must be accepted on or after January 28, 2010
- Property sales must close before May 1, 2010
- Buyers must be owner-occupants- investors are excluded
Consumers can search for eligible homes at the Homepath website. At press time there were 41 available properties in Davidson county (note that the homes marked “under contract” are no longer available). As your buyer’s agent I am qualified to show you Homepath listed properties, prepare offers, and negotiate on your behalf.
Call Stephanie Crawford today at 615) 554-3745 with any questions or to schedule a viewing appointment.
