$100 can get you into a home!

September 25, 2009 – ATTN. KS, MO, & OK BROKERS: Effective September 25, 2009 HUD is offering a $100 Down payment initiative for the states of Kansas, Missouri, and Oklahoma.

HUD is offering a $100 Down Payment Initiative. The $100 down payment is for owner occupants purchasing a HUD Home with FHA financing, with full price or higher offers. This incentive is also available to owner occupant purchasers who obtain a FHA Home Repair loan (203K) with a full price offer or higher. If the purchase price is greater than the appraised value, the purchaser must pay the difference between the FHA appraised value and the purchase price in addition to the $100 down payment. Buyers may not finance closing costs or prepaid items if utilizing the $100 Down payment initiative. 

As an additional bonus to the $8,000 tax credit, a $1,000 Sales Allowance for owner occupant sales where a full listing price offer has been accepted and the listing price is $50,000 or less or a $1,500 Sales Allowance for owner occupant sales where a full listing price offer has been accepted and the listing price is $50,001 or more.

The incentives will apply to properties listed on or after September 25, 2009 and are specific to properties in Kansas, Missouri, and Oklahoma. It’s a great time to Purchase a HUD Home with FHA financing.

To see a list of these properties, click here

These properties do require you to use a Realtor.  I am fully trained and qualified to assist you in purchasing one of these homes. Contact me at 913-707-6884 to schedule an appt to go and look at these houses.  They usually do not have electricity – so daytime appointments will be required.