Fannie Mae Offers Help with Closing Costs to Foreclosure Buyers

Fannie Mae Offers Help with Closing Costs to Foreclosure Buyers

Fannie Mae, the largest U.S. mortgage-finance company, is offering buyers of its foreclosed homes as much as 3.5 percent in closing-cost assistance to help clear an inventory of properties acquired during the housing slump.
The offer is good through May 1, the D.C.-based company said Thursday. Buyers can choose help on closing costs or an equivalent amount for appliances, the company said.

Low interest rates, lots for inventory, many forclosures, a perfect time to look at and purchase a home now.

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