Fannie Mae Incentives

Closing Cost Assistance and Appliance Incentive for Fannie Mae Homes

Fannie Mae is looking to clear out some of their foreclosure inventory by offering a couple of incentives to home buyers. Fannie Mae is offering a 3.5% incentive for home buyers who purchase and close on a Fannie Mae-owned home between January 28 and April 30, 2010. Buyers may receive up to 3.5% of the final sales price for:

• Closing costs;
• The purchase of new Whirlpool® appliances by Fannie Mae; or
• A mix of closing costs and appliances, at the buyer’s discretion, up to the maximum 3.5%.

To be eligible for this incentive:

• Offers must be accepted on or after January 28, 2010
• Property sales must close before May 1, 2010
• Buyers must be owner-occupants, investors are excluded

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