HUD Information
October 15, 2008 - HUD $100 DOWN PAYMENT INITIATIVE:
HUD is offering a $100 Down Payment Initiative. The $100 down payment
is for owner occupants purchasing a HUD Home with FHA financing, with
full price or higher offers.
This incentive is also available to owner occupant purchasers who obtain a FHA Home Repair loan (203K) with a full price offer or higher.
If the purchase price is greater than the appraised value, the purchaser must pay the difference between the FHA appraised value and the purchase price in addition to the $100 down payment.
It`s a great time to Purchase a HUD Home with FHA financing.
This initiative won't last forever!!
To Search Hud Homes, please click here
For more information on bidding, contact Barry Klompus at barry@mlstexashomes.com.
