Would YOU Like to Buy a Home With Only $100 Down?
If your answer is yes, here's an overview how you can do this and the basic criteria you must meet.
Homes that can be purchased with $100 Down are a part of current HUD ( Housing and Urban Development) incentives to sell their current inventory of foreclosed homes. This means that if you find a current HUD foreclosed home ( aka HUD REO), you can buy that home and secure a loan that only requires a $100 down payment.
You must secure FHA financing for your purchase in order to utilize the $100 down incentive
Home must be purchased to be your primary residence
In order to qualify for FHA financing, you will generally need a 620 credit score
Call me today at 678-773-0651 to learn more and get started
You are NOT required to pay for an appraisal on these homes in nearly all cases, since HUD generally has already had one completed.
If the home is in need of Repairs, your FHA loan that we help you secure can be utilized to cover the cost of required repairs.
Investors can also purchase these homes. They must put 25% down and there is no limit to the # of properties they already own.
Ready to Buy a Home with $100 Down?
Step 1 - Get Prequalified for your new loan - Call us today!
Step 2 - Get with your Real Estate Agent to begin your search. Please note that it is important that you are working with an agent that is qualified to assist you in your search for your HUD REO home. If you need a recommendation, let us know and we'd be happy to provide recommendations to assist you in your search.
Step 3 - Make an offer on your new home!
Step 4 - Provide necessary documentation to your lender (US) so we can get your home loan approved.
Step 5 - Move into YOUR New Home!
Since I am able to close loans in all 50 states, I can assist homebuyers in all states. Some states do have maximum FHA financing up to $729,000. Just give me a call and I can advise you what the maximum loan limit is in your area for FHA financing.