New Buyer and Selling Agent Incentive on HomePath® Homes
Fannie Mae is offering buyers up to 3.5% in closing cost assistance and a $1,500 bonus for selling agents on HomePath properties through December 31, 2010.
Buyers and selling agents must meet the following qualifications to be eligible for the incentive:
- HomePath property sale must close on or before December 31, 2010 and close within 60 days of offer acceptance
- Only owner occupants purchasing a HomePath property will receive up to 3.5% in closing cost assistance
- Only selling agents representing owner occupants purchasing a HomePath property will receive a $1,500 bonus. To be eligible for the agent’s bonus, the initial offer must be submitted on or after September 23, close within 60 days of offer acceptance and close on or before December 31, 2010. No bonus will be given for investor purchases.
- Buyers and selling agents must request incentive upon submission of initial offer in order to be eligible.