Fannie Mae Announces New Incentives

Fannie Mae announced a seller assistance incentive on properties owned by Fannie Mae and listed on the company’s REO website (click HERE for your free list).  Qualified home-buyers who will be owner-occupants can receive up to 3.5 percent of the final sales price to use towards closing costs.  Eligible offers must be submitted on or after September 23, 2010, and must close by December 31, 2010. The sale must close within 60 days of the offer being accepted.  At Yuba Sutter Homes and Loans we will include the Home Warranty also at no charge to you.

According to a recent announcement published by RISMedia “More than eighty-seven thousand families have purchased HomePath® properties in the first half of 2010—nearly double the number of Fannie Mae foreclosed properties sold in the first half of 2009,” said Terry Edwards, Executive Vice President of Fannie Mae’s Credit Portfolio Management. “We continue to look for ways to stabilize neighborhoods and offer incentives to qualified buyers who will occupy these properties over the long-term and help support their communities.”

HomePath properties are properties owned by Fannie Mae and include a wide selection of homes, including single-family homes, condominiums, and town houses. To get a list of these properties click this LINK.  HomePath properties may also be eligible for special HomePath Mortgage and HomePath Renovation Mortgage financing.  For information or to see if you qualify click HERE.

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