HUD Incentive Programs in Michigan
February 25, 2008
HUD is currently running several buyer incentive programs on HUD homes for sale in Michigan. Here are the new offers:
- $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.
The buyer incentives are available any time before September 30, 2008. In order to qualify for the $100 down payment, buyers must bid as owner-occupants and use FHA financing.
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