If the rumors are true, then the HUD $100 program is no longer available in Colorado. It would appear that few people have been notified of this, including Lenders and Realtors ®. It is coming to light sometimes as deals get to closing tables .. and cannot close!
The conversion of the HUD M&M2 contract had recently allowed the $100 down incentive to promote buyer interest for several years. Now that it has transitioned to a new 2010 M&M3 contract, HUD has decided to remove this incentive here in state of Colorado. Watch this space to see if any new programs come out ??
Whilst our sources believe this product is no longer available, please check with your Lender and do your homework before submitting a contract-.
All is not lost, there are other great programs available such as CHAFA for example. Talk to a Lender for more information.