CURIOUS ABOUT HUD DOWNPAYMENT

Dated: 12/15/2017

Views: 208

Are you curious about HUD's $100 down payment program?


We talk a lot about the program as we come across plenty of homes that qualify for this option.   Sometime's programs seem to good to be true, right? This one is REAL and it might work for you!


Here are some of the eligibility requirements to consider for the $100 Down Payment HUD Program:

  • The home must be a HUD owned home

  • The home buyer must use a HUD registered real estate agent or broker (if your wondering we are HUD registered) to qualify for this incentive program

  • The property will be purchased by the home owner on an “as-is” basis

  • This program can not be combined with Streamline 203K or a 203b Repair Escrow transaction

  • The property must be in an eligible HUD area

  • Eligibility is determined by HUD

  • Contract of the Home Sale must confirm a $100 down payment program

  • Loan to Value (LTV) should show that the home buyer (loan borrower) has contributed $100 towards the purchase of the home (sale price) — the appraisal value should support the sale price or higher

  • If the home appraised value is less than the sale price, the home buyer (borrower) will need to add to the purchase price to equate to $100 to meet the required down payment – speak with a FHA home loan group for specifics.


Here are some of the homes in Central Florida that might be a good fit. 

{mls: U7841703}  {mls: U7841456} {mls: T2917670} {mls: P4718324}   {mls: O5550909} {mls: O5550487}


Want more info or to schedule a showing  click on the properties above or just reach out  and stop by  to like my Facebook page for ongoing info as well @daniellecalabreserealtor 

  Happy House Hunting!


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