What is the $100 Down Sales Incentive Program?

 

Here’s what the Action Letter from the U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT has to say about the $100 Down Sales Incentive Program

 

“TO: ALL APPROVED MORTGAGEES

SUBJECT: Financing of Transaction Costs for Real Estate Owned Properties (REO) Purchased under FHA $100 Down Sales Incentive

This Mortgagee Letter provides Federal Housing Administration (FHA) guidance regarding the financing of homebuyer transaction costs for homebuyers who acquire HUD Real Estate Owned (REO) single-family properties under a specially-authorized sales incentive that requires only a $100 minimum cash investment. Homebuyer acquisition costs that may be financed for eligible homebuyers are limited to Upfront Mortgage Insurance Premiums (UFMIP).”

 

What Does the $100 Down Payment Sales Incentive do for Me?

 

It means that you can buy a Lender Foreclosed FHA Insured Home For $100 down and that’s an awesome opportunity that BuyorSellCarolina.com can help you with. Why wait till these Free Money for Home Mortgage Down Payments are no longer around? Just Send Us an email right now and we’ll do the leg work to get you that Home Loan Mortgage you’re looking for.