UtahCribs Weblog

Real Estate, Homes, News, Statistics and more

NEW HUD HOME POLICY

Posted by UtahCribs, Real Estate, Homes on May 6, 2009

Utah State Page Attention All HUD Registered Brokers NEW! ***FHA Special Sales Incentives*** We are pleased to announce a special sales incentive for owner occupant purchasers who will be utilizing FHA financing. HUD is currently offering a $100 Down payment initiative. The $100 down payment is for owner occupants (Any individual who purchases a HUD home as their primary residence for it for at least 12 months after closing and who has not purchased a home from HUD as an owner occupant in the past twenty four months) purchasing a HUD Home with FHA financing, with full price offers. This incentive is also available to owner occupant purchasers who obtain an FHA Home Repair loan. It’s a great time to Purchase a HUD Home with FHA financing.or view the attached FAQ Link. Note: Earnest Money Policies and all other contract requirements will remain the same; these incentives do not apply with any other discount programs HUD endorses. “Full Price Offers” refers to the current list price. $100 Down payment financing is available on most properties through FHA approved lenders. If the purchase price is greater than the appraised value, the purchaser will be responsible for the difference between the overbid amount to be paid in cash at closing.

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