Mortgage Giant Freddie Mac Offers Cash Incentives to Buyers

Mortgage Giant Freddie Mac Offers Cash Incentives to Buyers

The mortgage giants are adding more incentives to buyers of foreclosed homes to kick off the spring-selling season. The latest one announced: Freddie Mac is offering cash incentives to buyers of the foreclosed homes. Eligible home buyers can receive $500 to put toward condominium association dues, flood insurance premiums, or a home warranty of their choosing. Only homes sold as primary or secondary residences are eligible, not investor purchases, auction sale, or bulk sale.

Fannie Mae announced an offer last week to owner-occupant buyers of 3.5 percent in closing cost assistance in 27 states, including Connecticut, to buyers who close on an REO (bank-owned property) by May 31st.  This is a terrific deal, especially for first-time homebuyers.

Buyers, want to find one of these homes for sale in Greater Hartford?  Contact Lisa Giller today!