One of the attractions of government foreclosures, including HUD homes, is that they can make you money in a number of ways. When preparing line 5 of the Sales Contract, you will be able to request up to 3{7c352f4fa08585812fe49d64b966ab1fc9eda250e0643651a7855d798aa89d13} of the bid amount for closing costs over and above those to be paid by HUD. The immediate trickle down positive is that by permitting local government and non-profits to purchase these HUD homes, low- and moderate-income individuals can benefit by purchasing the homes at incredible savings.
For a full list of HUD rules, see the HUD Housing Choice Voucher Program …