HUD is currently offering several incentives, including a $100 downpayment program, for bidders in select Pennsylvania counties. Here’s what to look for:
- $100 Down payment financing is available on most properties through FHA approved lenders.
- Sales allowances that can be used to pay closing costs, make repairs, or pay down the mortgage amount.
- Broker bonuses for owner-occupant sales.
In order to qualify for the $100 downpayment incentive, Pennsylvania bidders must be owner-occupants using FHA-insured financing. The incentive programs are available now through September 30, 2008.
See: How to Find HUD Homes for Sale
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