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The Atlanta Homeownership Center approved the use of two Sales Initiatives in the states of Kentucky and Tennessee. The $500 broker bonus was available for HUD listings with an effective date of September 1, 2007. The temporary suspension of the $100 Down payment was lifted, and it is now available for HUD listings with an effective date of October 5, 2007.
- $100 Down payment financing is available on most properties through FHA approved lenders. (owner occupants only)
- $500 Broker Bonus for sales throughout the entire HOC jurisdiction (owner occupants only) *Effective with bids awarded and contracts executed 2/13/08 and thereafter.
This makes the $100 Down payment initiative available for all HUD-owned properties advertised to the public, beginning with the listings October 5, 2007, and thereafter.
THE $100 DOWN PAYMENT INCENTIVE OR $500 BROKER BONUS IS NOT AVAILABLE UNLESS IT IS ON THE EXECUTED CONTRACT PRESENTED TO THE CLOSING AGENT BY THE M&M CONTRACTOR, and it is not available on contracts executed prior to the effective dates shown above.
