New Incentives to Buy HUD Homes

NEW HOMEBUYER INCENTIVES ANNOUNCED!

$100 Down Payment on HUD Homes with FHA Financing.

• IMPORTANT NOTE That HUD is temporarily not accepting bids on HUD homes. We are expecting bids to continue within the next few weeks.
• $100 Down Payments!  Purchase a HUD home with FHA-insured financing for low down payments.  Click here for additional details.
• Huge Sales Allowances!  All owner occupant purchasers (excluding HUD approved non-profit organizations and units of local government) will receive $2,500 at closing to use on repairs, closing costs, or to lower their mortgage amount without regard to the type of financing used by the purchaser.
• Broker Bonuses! Real Estate Brokers get $500 for every HUD Home purchased by an owner occupant regardless of financing type.  PLEASE NOTE:  This change is effective for bids placed on or after February 11, 2008.  Bids placed before February 11, 2008 will still receive the $500 broker bonus if the buyer using FHA financing and $250 if not using FHA financing. .
• Available State-wide in Michigan and Ohio.

***THESE INCENTIVES APPLY TO SALES TO OWNER-OCCUPANTS ONLY.

This program is subject to change so go to www.nhmsi.com for the latest information.