HUD discontinues Buyer & Broker incentives

Effective Feb 12, 2010, any properties listed and/or sold with FHA financing as of this date are no longer eligible for the $100 downpayment buyer incentive.

The sales allowance of $2500 for owner occupant purchasers will also b discontinued as of February 12, 2010 for all new contracts accepted on or after this date.

The $500 broker bonus for owner occupant purchasers who took advantage of the $2500 sales allowance is also discontinued as of February 12, 2010.

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About lizschneider66

Mortgage consultant with over 18 years experience. First time buyers, move up buyers, construction, FHA/VA, Jumbo loans, investment property purchases, & refinances- I will find the solution to financing the American dream of homeownership! Subscribe to my blog and never miss any mortgage industry news.
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