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Fannie Mae Closing cost/ Appliance incentive special

I am under contract on a Fannie Mae forclosure which I plan on living in. My contract falls under the contract dates to qualify for their Closing cost/ Appliance incentive program started Jan 28 2010, but my realtor who is the listing agent didnt inform me about the program. I offered $114,000 with Fannie Mae paying $5500 in closing/prepaid but the house was listed at $107,000. I would have offered different if I had been informed of the program specifically designed for the home I am trying to buy. Will I get the 3.5% incentive that Fannie Mae is offering on these homes? by MoneyShot from Crossville, Tennessee. Feb 10th 2010 Reply

- - (Voted.Best.Rates.and.Service)
#11 ranked lender in New York - 374 contributions

I would suggest that you make the needed adjustments now. It is very important that you get all the benefits possible for your purchase. I would make sure to pose that question to your current financial source right away. Try to save as much money as possible.

Feb 11th 2010
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