Fannie Mae is offering more incentives to home buyers.
Fannie Mae is reviving buyer incentives first offered last year as it tries to unload all the foreclosed houses it is sitting on.
If you buy a house Fannie Mae is holding as a result of a foreclosure, Fannie Mae will give you up to 3.5 percent of the final selling price to be applied toward closing costs. The sale must closed by June 30.
Fannie Mae already offers lower rate mortgages and renovation financing to buyers who buy one of its foreclosed homes.
Last year, Fannie Mae (OTC BB: FNMA) gave real estate agents and brokers $1,500 bonuses for bringing buyers to the table.
Its HomePath properties by region, including D.C., Virginia and Maryland, are listed here.
jclabaugh@bizjournals.com
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