Buying Foreclosures

Freddie Mac and Fannie Mae Offering Incentives to Move Inventory

If you are in the market to purchase a home now really is a great time to buy.  In addition to low interest rates and high inventories, current offers by Fannie Mae and Freddie Mac help increase your buying power.  Note:  these offers are for owner-occupied homes only, not for investment properties.

Fannie Mae:

  • 3.5% toward closing costs
  • closing by October 31, 2011


Freddie Mac:

  • Up to 3.5%  toward closing costs
  • 2 year home warranty
  • 30% appliance discount
  • Thru July 31, must close by September, 2011