HUD Owned Homes Just Got More Affordable
From now to 10-2012 you can buy an already incredibly low priced HUD home for $100. It used to be 3.5% of the purchase price, but in an effort to assist first time Buyers and keep inventories low the FED will allow it to be $100. In order to qualify you must buy the home to occupy as a personal residence to qualify for this special deal. This is to eliminate home investors from buying up all the properties.
Another requirement is that you must make a full price offer in order to qualify for the $100 Down Payment. The process is actually very simple. First, take a look at the website http://www.hudhomestore.com to find HUD properties for sale near you. Then find an FHA Lender to assist you with the required FHA financing. I can refer you to several lenders who can assist you with FHA financing. Then locate a HUD Registered Agent, like yours truly, to assist you with making an offer. If the home needs repairs be sure to speak the lender about an FHA 203k Loans.
This $100 down payment program is designed for first time Buyers, but it will be helpful to any Buyer who is low on money. If you have any questions call or email me. My email is [email protected].