Fannie Mae Extends Assistance For Homebuyers

Posted on May 11, 2010. Filed under: First Time Buyer help, Lenders & Loan info, Making Life Easier, Orange County Real Estate | Tags: , , |

Orange County Homebuyers Have Added Incentive

First the bad news. It’s official. The government’s popular 8k tax incentive is now history. But the good news is, you can dry those tears of regret, good people. Fannie Mae is offering up the perfect incentive to fill the gap. 

What’s This All About?

So glad you asked. Right now Fannie Mae is extending its very generous 3.5% Closing Cost Assistance and Appliance Incentive. This means, the marvelous offer is now good through June 30, 2010.  To qualify, you’ve gotta purchase and close on a Fannie Mae home by that date. If you’re buying one of the many properties listed on HomePath.com, you get a healthy incentive of up to 3.5% of the final sales price. You can apply it to any one of the following:

  • Closing costs
  • The purchase of new Whirlpool appliances
  • Any combination of closing costs and appliances as your heart desires, all the way up to the maximum of 3.5%.

Who’s Eligible?

  • Anyone who purchases a Fannie Mae property whose sale closes on or before June 30, 2010.
  • Buyers who are owner-occupants. Purchasing a second home? No problem, as long as you’re taking up residence there. This means, if you’re buying the house simply as an investment and not a place to live, you’re plumb outta luck. Gotta live in the place to be eligible. So if you want to take advantage of the incentive, plan on planting yourself in the residence — at least for a while.

This enticing offer is further proof of Fannie Mae’s dedication to buyers and communities. Want to know more about this incentive?  Visit HomePath.com or contact a Fannie Mae listing broker. And naturally, I’m always on hand to help. You can reach me at 949.338.7408 or angie@askangie.com. And be sure to follow me @AngieWeeks or @WeeksTeam. Looking forward to hearing from you soon!

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    Orange County, CA Real Estate for hip first-time buyers and investors. Plus, fun things to know and do in OC.

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