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Fannie Mae Offers 3.5% Incentive to Home Buyers
By eleanor on May 13, 2011 at 1:31 pm | 0 commentsWASHINGTON, April 11, 2011—Fannie Mae is sweetening the deal it’s offering on the foreclosed homes it must sell. Buyers can get up to 3.5% of their closing costs paid by the mortgage market giant.
The closing-cost offer applies only to Fannie Mae-owned HomePath properties. The initial offer must be submitted on or after April 11, 2011, and the sale must close on or before June 30, 2011, to be eligible for the incentive.
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