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Owner Occupant Sales Allowances Discontinued for Alaska, Idaho, Oregon, & Washington
September 8th, 2009
The following incentives will be discontinued as of October 1, 2009:
1) Owner Occupants: $1,000 sales allowance paid to owner occupant’s purchaser’s on all full price offers.
2) Selling Brokers: $500 seller broker bonus on full price owner occupant offers.
IMPORTANT: Please note that all contracts must be ratified by HMBI by the COB on September 30, 2009 to be eligible for the above-referenced incentives. Any contract not ratified by this date, regardless of when the bid was awarded, will not be honored.
HUD’s current $100 down payment initiative will remain in effect until further notice. This initiative is available to all owner occupant’s who purchases a HUD home as their primary residence utilizing FHA financing, and who have not purchased a home from HUD as an owner occupant within the past twenty-four months.
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