Just Announced
Fannie Mae is offering up to a 3.5% in closing cost assistance for owner-occupant buyers for a very limited time!
In order for the transaction & buyer to qualify, the following requirements must be met:
- Buyer and/or Buyer's Agent must request the incentive at initial offer submission
- Initial offer must be made on/after February 14, 2014 and on/before March 31, 2014
- Property must be in active First Look period
- If an offer was made before February 14, the buyer is not eligible for the incentive
- If buyer/buyer's agent bust out of the existing offer to submit a new offer in order to be eligible for the incentive, the incentive will not be offered
- Property sale must close on/before May 31, 2014
- Owner occupants who will reside in the property as their primary residence and public entities may receive the incentive. Pool, auction sales and in tenant occupied properties are not eligible for this incentive
Eligible properties are noted on www.homepath.com. If the property is eligible for the incentive, the property will show a sales incentive icon on the property detail page with a link to the incentive flyer for 3.5% closing cost assistance.
Click on the '1 attachment' link below for a copy of the incentive flyer.
Have questions about this program? Want to find out which local listings are included in this program? Contact Us for assistance.
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fnm_3.5_closing_cost_assistance.jpg | 84.98 KB |
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