The Federal Housing Administration (FHA) offers a great incentive for Buyers who qualify for an FHA loan to be able to buy a HUD home (The US Department of Housing and Urban Development) for $100 down. In order to get this, the Buyer has to
* occupy the home
* make a full price offer on the home (HUD will still offer up to 3% towards closing costs)
* use FHA insured financing.
The benefits of FHA financing are low down payments and competitive interest rates.
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