Pennsylvania First Time Home Buyer Assistance

Fannie Mae is offering buyers up to 3.5% in closing cost assistance on HomePath properties through December 31, 2010.

The qualifications to be eligible for the incentive are:

• The initial offer must be submitted on or after September 23, 2010.  Must close on or before December 31, 2010 and close within 60 days of offer acceptance.
• Only owner occupants purchasing a HomePath property will receive up to 3.5% in closing cost assistance.
• Must request incentive upon submission of initial offer in order to be eligible.

In addition, selling agents representing owner occupants purchasing a HomePath property will receive a $1,500 bonus.  No bonus will be given for investor purchases.