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New Buyer Incentive on HomePath® Homes

September 26, 2010 Leave a comment

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.