$100 down Gets
You into a Home.
With New FHA Sales Incentives
Introducing the FHA & HUD-Owned Home Sales Incentives. Increasing the Affordability of Homeownership for potential homebuyers.
Up to 110% LTV,* varies by county.**
$100 down payment with FHA financing.
$5,000 sales allowance paid to borrower for repairs at closing when using FHA financing.
Some homes may be eligible for a 3% closing cost allowance from HUD.
WHAT IS ELIGIBLE?
HUD-owned homes for sale in eligible states/territories and identified by HUD as eligible for $100 down payment.**
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 financing a repair escrow included in the sales contract. The cost of repairs may not exceed $5,000. The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes. The consumer should consult a tax adviser for further information regarding the deductibility of interest and charges. 2Refer to maximum loan amounts section in product description. 3The products are available in all states where HUD is currently offering its $100 down payment program. See product description for state restrictions. Programs available only to qualified borrowers. Programs subject to change without notice. Underwriting terms and conditions apply. Some restrictions may apply.
Call for more details: (931) 906-1489