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