HUD is currently offering a $100 Down payment initiative. The $100 down payment is for owner occupants purchasing a HUD Home with FHA financing. This incentive is also available to owner occupant purchasers who obtain a FHA Home Repair loan. The initiative is available for all HUD owned properties advertised to the general public, beginning with listings October 5, 2007 and thereafter. The $500 broker bonus was available for HUD listings with an effective date of September 1, 2007.
The $100 Downpaymnet Incentive IS NOT AVAILABLE UNLESS IT IS ON THE EXECUTED CONTRACT PRESENTED TO THE CLOSING AGENT BY THE M & M contractor and it is not available on contracts executed prior to the effective dates shown above.
