Fannie Mae announced Tuesday they would extend a seller assistance incentive on all Fannie Mae-owned HomePath properties, as part of its ongoing efforts to stabilize neighborhoods across the country.
Participating buyers will receive 3.5% of the final sales price to be used toward closing cost assistance or their choice of selected appliances. The offer is available to any owner-occupant who closes on the purchase of a property listed on the HomePath Web site by June 30, 2010.
Terry Edwards, Fannie Mae’s EVP of credit portfolio management, states:
“We are happy with the results of the program, which has helped us to sell properties quickly, thereby stabilizing neighborhoods and property values.”
Properties listed on the Web site are owned by Fannie Mae and include a wide selection of homes, including single-family homes, condos, and town houses. In addition to the seller assistance incentive, HomePath properties may be eligible for special HomePath mortgage and HomePath renovation mortgage financing, which offers prospective buyers an opportunity to purchase properties with as little as 3% down.
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