 | Are you looking to buy a great home in the Denver Real Estate market with little down due to cash being a little tight? The $100 down payment incentive for HUD foreclosures has been brought back! HUD has brought to attention that offers starting October 19, 2011 are available for $100 down payment! This HUD foreclosure incentive is available to everyone looking for a new home in Denver for the next 12 months! Denver Real Estate - Be mindful that there are a few requirements to qualify for the HUD $100 Down Payment Incentive Program. First off, the home must be purchased with FHA financing only. Second, the offer is NOT for investors. You must be an “owner_occupant”, which simply means your are buying the property as your home to live in and not as an investment. Third, the $100 down payment incentive is only available if the purchase price of the home is equal or less than the appraised value of the home. If you have an accepted bid for over the appraised value of the home you must bring the difference as down payment to the closing. Finally, the HUD $100 down payment incentive must be requested when the signed contract is sent to the HUD’s M & M Contractor. Note that the $100 down payment incentive program is not available in every state. Check with your realtor to see if your state offers it. |
