Yes - you can buy an FHA foreclosed (HUD) home with $100 down...
But you must use FHA financing; the total estimated repairs don't need to be under $5,000 (i.e., FHA insurable) as long as FHA financing is used; and you must be an owner occupant.
Unfortunately, Good Neighbor Next Door properties are ineligible for the $100 down.
See details here - http://www.hudpemco.com/100%20Down%20Payment%20Incentive.pdf
References to products and services are not a specific endorsement, but the user must perform their due diligence and investigate whether the product or service is right for them. I welcome any or all comments that would help others.
No comments:
Post a Comment