3.5% Closing Cost Assistance and Appliance Incentive Extended Through June 30, 2010



Fannie Mae is extending the 3.5% incentive for homebuyers who purchase and close on a Fannie Mae-owned home by June 30, 2010. Buyers purchasing properties listed on HomePath.com will continue to be offered an incentive of up to 3.5% of the final sales price to be used towards one of the following:


Closing costs

The purchase of new Whirlpool® appliances

A mix of closing costs and appliances, at the buyer's discretion, up to the maximum 3.5%.
Eligibility
To be eligible for this incentive:

Property sale must close on or before June 30, 2010

Buyer must be an owner-occupant (second homes are eligible as long as they are owner-occupied) -- investors are excluded

The incentive reinforces Fannie Mae's commitment to stabilizing communities and assisting buyers.