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Fannie offers REO buyer, broker incentives

September 23, 2010 04:30PM

Fannie Mae is stepping up its incentives program for prospective owner-occupants of REO homes in the mortgage giant’s portfolio and their brokers, the company announced today. From now through Dec. 31, buyers of homes on Fannie Mae’s website can now qualify for incentives of up to 3.5 percent of their final sale price, to be used toward closing costs, including a home warranty. Their real estate agents are also eligible to receive bonuses of $1,500. The rules of the program stipulate that the sale must close within 60 days of an accepted offer. TRD