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HUD News Release:
To help increase homeownership opportunities during this holiday season, the U.S. Department of Housing and Urban Development is launching its special "FHA Brings the Holidays Home" sales campaign.
This campaign is especially designed for low- to moderate-income families that may believe homeownership is out of their reach, by offering special incentives on the sale of HUD-owned single-family properties across the country.
"Buying a home is always an important event for a family," said Federal Housing Commissioner Brian D. Montgomery.
"We want to make the homebuying process even more special this holiday season, by helping more families realize the American dream."
The incentives are effective for HUD homes sold between Friday, December 8, 2006 and Friday, January 5, 2007 to homebuyers who intend to occupy the property as their primary residence for at least 12 months and who do not currently have an FHA-insured mortgage.
In addition to the special holiday sales incentives, buyers may also receive a credit for up to three percent (3%) of closing costs, a benefit HUD provides on most of its home sales.
More information about this initiative is available by calling 1-800-CALL-FHA, or on the Internet at www.hud.gov and espanol.hud.gov.
HUD is the nation's housing agency committed to increasing homeownership, particularly among minorities; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS.
The Department also promotes economic and community development, and enforces the nation's fair housing laws.
Posted on December 7, 2006 07:08 PM
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