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Thursday, April 29, 2010

Fannie Mae Extends 3.5 Percent Seller Assistance on its Real Estate Owned Properties Incentive for HomePath® Properties Complements Ongoing Efforts to

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 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%.


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. To view properties visit www.JustListedKnoxville.com and click on the Fannie Mae Home Path link