Click this link for the Press Release
When you buy an owner occupied home that is owned by Fannie Mae and the HomePath loan program is used, you will have the option to receive 3.5% credit toward closing costs or your choice of appliances. The sale must close by May 1st, 2010 to qualify.
This is part of the ongoing effort to help stabilize the market. Perhaps it’s also due to the bad press Fannie Mae is getting, about being in bad shape. Maybe they really need to clear off some inventory. In the end though, who cares? If it helps the buyer and Fannie Mae, I’m happy.
Matt Steinmetz
