You are currently browsing the Mimi’s Blog weblog archives for the day February 2, 2010.
- Real Estate (70)
- March 21, 2011: Steep drop in foreclosures in Colorado
- March 21, 2011: What buyers want in homes today.
- January 25, 2011: National Home Builder Trends for 2011
- November 4, 2010: Rental Market picking up across the nation.
- November 4, 2010: Is now the time to buy and take advantage of the low interest rates?
- October 28, 2010: Current Buyer traits
- August 19, 2010: Harvard Researcher Shares Insights on Housing Comeback
- July 13, 2010: The Role of Appraisal Inflation in Loan Securitization
- May 25, 2010: 10 red flags that signal your home's weakest links.
- May 5, 2010: Boulder is a top place to live for 2010
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Archive for February 2, 2010
Fannie Mae announces 3.5 percent seller assistance on HOMEPATH properties
February 2, 2010 by Mimi Miller.
News Release - 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 homebuyer 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. “Homebuyers 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 homebuyers an opportunity to purchase with as little as 3 percent down.
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