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This is a great program for buyers that was just rolled out for the summer. Essentially, if a buyer is going to purchase a Fannie Mae HomePath house they can ask for up to 3.5% for their closing costs. That helps them keep money in their pocket to spend on fixing the place up or holding onto for reserves in the future. You can easily search for Fannie Mae houses at www.Homepath.com .
RISMEDIA— Fannie Mae (FNMA/OTC) announced the expansion of incentives to encourage sales of HomePath REO properties to owner occupants. Now through October 31, qualified buyers receive financial incentives on sales of HomePath properties, which can be found at www.homepath.com. The incentives are part of Fannie Mae's commitment to neighborhood stabilization, and are available on sales to buyers who will reside in the home as their primary residence.
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