Anna-Lise Troup's Tucson Area Real Estate Update: Fannie Mae Offers New Closing Cost Assistance and Appliance Incentive for Homebuyers

Fannie Mae is offering a 3.5% incentive for buyers who purchase and close on a Fannie Mae-owned home between January 28 and April 30, 2010. Buyers purchasing properties listed on HomePath.com that are closed within this period may receive up to 3.5% of the final sales price for:

·Closing costs;

·The purchase of new Whirlpool® appliances by Fannie Mae; or

·A mix of closing costs and appliances, at the buyer's discretion, up to the maximum 3.5%.

To be eligible for this incentive:

·Offers must be accepted on or after January 28, 2010;

·Property sales must close before May 1, 2010, and;

·Buyers must be owner-occupants (investors are excluded).

The incentive reinforces the organization's commitment to stabilizing communities and assisting buyers. For more information about this incentive, contact Anna-Lise Troup at 520-906-5659.