Introducing the FHA & HUD-Owned
Home Sales Incentives. Increasing the
Aff ordability of Homeownership.
Up to 110% LTV,* varies by county.**
$100 down payment with FHA
fi nancing.
$5,000 sales allowance paid to
borrower for closing costs, prepaids
and/or repairs at closing when using
FHA fi nancing.
HUD 3% allowable closing cost
funds still apply.
All HUD-owned homes for sale in
eligible states/territories.***
Only properties purchased by an
owner-occupant are eligible.
List of eligible homes in each state
available at: http://www.hud.gov/homes.
*The LTV may exceed 100%, up to 110%, as the
result of fi nancing closing costs and prepaid
expenses, and/or to fund a repair escrow
included in the sales contract. The cost of repairs
may not exceed $5,000. **Refer to maximum
loan amounts section in product description.
***The new products are available in all states/
territories where HUD is currently off ering its
$100 down payment program. See product
description for state restrictions. Programs
available only to qualifi ed borrowers. Programs
subject to change without notice. Underwriting
terms and conditions apply. Some
restrictions may apply. 0309
WHAT IS ELIGIBLE?
INCENTIVES
Comments(2)