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. A $500 selling broker bonus will be paid on full price or higher offers for properties sold to owner occupants. 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.