Fannie Mae just announced that it is offering incentives for buyers who are looking to purchase a home this Spring. The terms of the incentive state that buyers purchasing a Fannie Mae-owned HomePath® property will receive up to 3.5 percent of the final sales price to be used toward closing cost assistance or their choice of appliances. This deal is set to last until May 1, 2010.
Tags: foreclosure
Does anyone know whether that applies to short sale purchases as well?
The Fannie Mae incentive is currently for Foreclosure properties only in hopes of diminishing the current inventory. The $8,000 “First time home buyer’s credit” and $6,500 “buy up incentive” apply to all types of housing.