Fannie Mae recently announced incentives for buyers of their Fannie Mae-owned HomePath properties.  Any individual purchasing an owner occupied Fannie Mae-owned HomePath property before May 1, 2010 may be eligible to receive up to 3.5% of the final sales price to be used towards closing costs (not down payment) or new appliances. 

Below is the actual news release from Fannie Mae regarding seller assistance on Fannie Mae-owned HomePath properties.  To see if a property qualifies, please visit:

http://www.homepath.com/

January 28, 2010

Fannie Mae Announces 3.5 Percent Seller Assistance on HomePath® Properties

Incentive Part of Ongoing Effort to Stabilize Neighborhoods

WASHINGTON, DC – Fannie Mae (FNM/NYSE) announced today that people 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. The offer is available to any owner-occupant who closes on the purchase of a property listed on HomePath.com before May 1, 2010.

“Attracting qualified buyers to the market and reducing the inventory of vacant homes is critical to stabilizing neighborhoods and helping the market recover. Many families are taking advantage of the federal home buyer tax credit to buy a new home so this is a great time for Fannie Mae to offer some additional help,” said Terry Edwards, Executive Vice President of Credit Portfolio Management. “Home buyers have the option to choose between financial assistance toward closing costs or new appliances for their home.”

Properties eligible for this incentive are listed on HomePath.com and most listings include detailed property descriptions, photographs, community and school information and more. In addition, many Fannie Mae-owned properties are eligible for special HomePath Mortgage and HomePath Renovation Mortgage financing which offers home buyers an opportunity to purchase with as little as 3 percent down.

Please contact me directly is you have any additional questions.