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Closing Agent List

PROGRAM INFO: (1) Buyers get to choose their own closing agent. (2) Buyer Select Closing fees is a buyer expense. (3) HUD will pay only a portion of the closing fees, if the buyer includes closing costs on line 5 of the sales contract at the time of bid submission and there are sufficient funds remaining to allow for this fee to be paid. If there are no closing costs included in the bid, the buyer will be required to pay all settlement and closing fees. (4) At the time of bid submission, the selling agent is required to complete the Buyer Select addendum providing PEMCO with the name and contact of the selected escrow company. (5) The earnest money payee and delivery will vary based on geographic area, refer to the earnest money guidelines for complete instructions.

HUD Region

Buyer Select Closing Agent Area

HUD Designated Closing Agent Area

Atlanta HOC

Alabama, Florida, Georgia, Illinois, Indiana, Kentucky, Mississippi, North Carolina, Puerto Rico, South Carolina, and Tennessee

HUD Region

Buyer Select Closing Agent Area

HUD Designated Closing Agent Area

Denver HOC

Arkansas, Colorado, Kansas, Louisiana, Missouri, New Mexico, Oklahoma, Texas, and Utah



The earnest money payee varies based on HOC Area and type of Closing Agent Program (HUD Designated Closing or Buyer Select Closing). Reference the Earnest Money Guidelines for complete instructions on handling earnest money.

HUD Region

HUD Designated Closing Agents Earnest Money PAYEE

Buyer Select Closing Agents Earnest Money PAYEE

Certified Funds Only (Special Requirements)

Atlanta HOC

The earnest money must be made payable to “HUD”.

The earnest money must be made payable to the closing company selected by the buyer.

Cashier’s Check or Money Order (certified funds)

Denver HOC

The earnest money payee must show two names (HUD and the name of the buyer) separated by the word “OR”. For example: Pay to the order of “HUD OR Buyer Name”.

The earnest money payee must show two names (Buyer Selected Closing Agent and the name of the buyer) separated by the word “OR”. For example: Pay to the order of “ABC Closing Agent OR Buyer Name”.

Cashier’s Check or Money Order (certified funds)



Effective October 1, 2014, the Atlanta Homeownership (HOC) will be discontinuing the use of the Broker Bonus Initiative in the following markets: Alabama, Florida, Georgia, Mississippi, Illinois, Indiana, Tennessee, and Kentucky.

HUD’s Asset Managers will continue to review those preliminary bids that are submitted through September 30, 2014, for the three-tier broker bonus that is currently being offered in the above referenced markets. However, all preliminary bids submitted to HUD on or after October 1, 2014, will not be eligible for a broker bonus. HUD will not entertain any exceptions to this change.

The following conditions must be met in order for the selling broker to receive the applicable broker bonus.

  • A loan commitment letter from a lending institution must be received with the signed Sales Contract if the purchase is to be mortgaged; or, if paying cash, a certification letter must be received from a financial institution stating sufficient funds are available to complete the purchase.
  • The words “Broker Bonus” must be written or typed at the top of the signed Sales Contract.
  • The selling broker must complete and sign the HUD Notification regarding the broker bonus sales initiative.
  • For all properties that close up to 34 days of contract acceptance, the selling broker will be eligible for a $600 bonus*.
  • For all properties that close within 35 to 39 days of contract acceptance, the selling broker will be eligible for a $450 bonus*.
  • For all properties that close within 40 to 43 days of contract acceptance, the selling broker will be eligible for a $300 bonus*.
  • *Exclusions apply* Excludes: Hard-to-sell properties. The selling broker will not be eligible to receive a bonus for any property advertised by the Asset Manager (AM) as hard-to-sell. “Properties eligible for $1,250 commission for listing and selling broker,” are considered Hard to Sell and not eligible for the broker bonus. Prior to placing a bid, any property deemed hard to sell has a blue icon with a dollar sign in a bubble. Below is a visual of the indicator that is reflected on all hard to sell properties on the Hudhomestore.

How are hard-to-sell properties identified?

Note: The Atlanta Homeownership Center will not consider any appeals submitted by the selling broker for properties that fail to close within the aforementioned timeframes. No exceptions. In order for your contract to be eligible for the broker bonus you must have all applicable bonus forms and commitments submitted correctly at time of contract execution. No exceptions.



For a limited time, FHA offers sales incentives on HUD homes that will make these homes more affordable for homebuyers when purchasing a property using FHA-insured financing. The incentives VARY from State to State but may include: low down payments; sales allowances that can be used to pay closing costs, make repairs, or pay down the mortgage amount; broker bonuses for owner-occupant sales. The benefits of FHA financing are low down payments; competitive interest rates; flexible credit qualifying. To find a HUD-Approved Lender, and for the latest sales incentives in your areas, visit The program incentives are subject to change without prior notice.

Sales Incentives

(subject to change without prior notice)

Participating States

$100 Down Payment! Available to Owner Occupant Homebuyers when purchasing a property using FHA-insured financing.

Illinois, Indiana, Kentucky, Tennessee, S. Carolina,N. Carolina, Georgia, Mississippi, Alabama, Florida, Puerto Rico, Virgin Islands

Good Neighborhood Next Door (GNND)
For Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return you must commit to live in the property for 36 months as your sole residence. When a law enforcement officer, teacher, firefighter, or emergency medical technician chooses to use an FHA- insured mortgage, the down payment is $100. Eligible Single Family homes located in revitalization areas are listed exclusively for sales through the Good Neighbor Next Door Sales program. GNND buyers can bid in lottery, exclusive, and extended phases, but can bid exclusively on insured single unit homes in revitalization areas in the lottery phase. GNND buyers are given preference over government agencies and nonprofits in the selection of a bid-winner in the lottery phase. Search for available properties at, enter State and Buyer Type: Good Neighbor Next Door. View Q & As

$1 Homes
Sales For Local Governments
HUD’s Dollar Homes initiative helps local governments to foster housing opportunities for low to moderate income families and address specific community needs by offering them the opportunity to purchase qualified HUD-owned homes for $1 each. Please read HUD’s most recent notice on H2011-16 for more information. Search for available properties at, enter State and Buyer Type is Government Agency.

Nonprofit Organizations
Eligible nonprofit organizations, can bid on homes in lottery, exclusive, and extended phases provided they are in approved purchase areas. If the property is in the lottery phase, the home must be uninsured. Nonprofits rank below Government Agencies in the bid selection process for the lottery, but above them for exclusive and extended listings. Nonprofits cannot bid for dollar homes. Nonprofit organizations that want to obtain HUD approval to participate as a FHA mortgagor, purchase HUD homes at a discount, or administer a Secondary Financing/ Down payment Assistance Program must submit an email directly to their local Homeownership Center (HOC), Program Support Division, indicating that your organization would like to apply for approval to participate in FHA Nonprofit activities. Search for available properties at, enter State and Buyer Type: Nonprofit.

FHA’s “First Look” Sales Program Neighborhood Stabilization Program
For Governmental Entities, Nonprofit Organizations, and Sub-recipients that have received a HUD-issued Name and Address Identification Number (NAID) are eligible to participate in the First Look Sales Method. The National First Look Program is a first-ever public-private partnership agreement between HUD and the National Community Stabilization Trust (Stabilization Trust). In collaboration with national servicers, Fannie Mae, and Freddie Mac, the First Look program is intended to give communities participating in HUD’s Neighborhood Stabilization Program (NSP)a brief exclusive opportunity to purchase bank-owned properties in certain neighborhoods so these homes can either be rehabilitated, rented, resold or demolished.Information will be available here soon.

Please use the following link for information about this program.

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