Washington, D.C.based home finance giant Fannie Mae is offering up to 3.5% of the selling price to home buyers for closing expenses. Fannie Mae hopes the incentive will help deplete the inventory of foreclosed homes it has accumulated.The credit is also available for buyers to use for their choice of new Whirlpool appliances providing an opportunity to upgrade to more energy efficient models. That’s an awesome allowance amount, by the way.
My biggest question is why Whirlpool? Why should Fannie Mae care?
The closing cost incentive is available to all owner-occupant home buyers who close on a listed property prior to May 1, 2010. Eligible properties are listed on HomePath.com.
Read more about what Fannie Mae is offering at Closing Cost Assistance and Appliance Incentive for Fannie Mae Homes.