What?!? Did you just say that just $100 down payment can get you into a home. What kind of program is the FHA and HUD sales Incentive Program anyway? Because of the foreclosure wave and FHA continuing to struggle and the possibility of more government stimulus being pumped into the FHA they must get those darn bank owned homes off their boos so they can do what they are meant to. LEND and make homes affordable!!
So what are the incentives and advantages of the the FHA and HUD Sales Incentive?
- 110% Loan to Value is allowed in most counties
- $100 down payment when you use FHA financing
- $5000 sales credit allowed from FHA for repairs at closing using FHA
- 3% HUD allowed for closing cost assistance.
So with all these awesome benefits how the heck to I qualify. Well only HUD owned homes can use this program. You can find a HUD Owned Home Here and only owners who intend to occupy the home are eligible. If you would like to see if you or a friend qualify all you have to do is call us and we can get you qualified in 10 minutes.