SmartBuy: a new buyer incentive program
by Chad Hagenson on Thursday July 23, 2009
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Freddie Mac's latest promotion, SmartBuy, will benefit you as a home buyer for a limited time. As a home buyer of a primary residence, a home you are going to live in, you can receive 3.5% of your closing costs paid by Freddie Mac and a comprehensive 2 year Home Protect home warranty on select homes. SmartBuy warranty details (PDF).
This promotion runs from July 17, 2009 - October 30, 2009.
All sales must close before December 31, 2009.
Qualifications:
- Both the closing costs and the home warranty MUST be written into the contract
- Owner occupied buyers only; If owner occupied but cash sale then buyer only qualifes for 1% seller paid closing costs
- Sales price of $25,000 or more
- SFR, 1-4 unit, Condos, Co-Op, Townhomes ONLY
- Second Homes and Vacation Homes are NOT eligible
- Buyers closing cost coupon MUST be presented with offer
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