What better way to celebrate the holidays than by purchasing a home of your own. To help increase homeownership opportunities during this holiday season, the U.S. Department of Housing and Urban Development is launching the "FHA Brings the Holidays Home" sales campaign.
Homebuyers who purchase a HUD-owned home and finance the purchase with an FHA-insured loan will be entitled to valuable sales incentives including:
- $2,500 Holiday Home Improvement Allowance
- $500 Selling Broker Bonus
- Minimum Required Downpayment of Only $100
The incentives are effective for HUD homes sold between Friday, December 8, 2006 and Friday, January 5, 2007.
In addition to the special holiday sales incentives, buyers may also receive a credit for up to three percent (3%) of closing costs, a benefit HUD provides on most of its home sales.
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