Incentives
$100 Down Program - Owner Occupied buyers purchasing a HUD home using FHA financing can purchase w/ a $100 down payment. The buyer's lender has to honor this program.
$500 Selling Agent Bonus - Currently not being offered
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Selling agent can receive a $500 Bonus for selling a HUD home to a buyer using FHA 203(K) financing. ​
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Agent Bonus Conditions:
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An FHA 203(K) loan commitment letter from a lending institution must be received with the signed Sales Contract if the purchase is to be mortgaged.
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The words “Broker Bonus” must be written or typed at the top of the signed Sales Contract.
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The selling broker must complete and sign the subject HUD Notification.
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Settlement must occur for the broker to be eligible for said bonus
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This form can be found by clicking on the property at Hudhomestore.com –-> Addendums
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Good Neighbor Next Door Program (GNND)
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Only found on HUD site, not on MLS
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For fire fighters, police officers, teachers, EMTs
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50% off the purchase price for homes listed under GNND listing period – held as a silent 2nd mortgage at closing
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GNND Requirements:
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Must live in the home for 36 months; after 3 years the silent second is completely written off
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Property must be in a labeled revitalization area and coded as a GNND home
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Neither buyer nor spouse has owned title to property in the past 24 months
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Neither buyer nor spouse has previously participated in GNND
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Must bid 100% of list price, bidding over will disqualify
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Must qualify for the full amount prior to discount
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Can utilize any type of financing, including cash
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EMD is 1% of list price, but not less than $500 or more than $2K
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HUD will not pay any closing costs or real estate commissions
"Every home is...
Someone's perfect pearl."
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