HUD Homes for $100 - NO JOKE

karenmills | 02 January, 2009 17:40

$100 down payment HUD Home Program *** For a limited time ***:

HUD is allowing home buyers to buy HUD homes with a down payment of only $100, as long as: The buyer will live in the property for at least one year, buyer offers the full asking price for the property and borrower/buyer uses a FHA loan for the purchase.

The home has to be a HUD owned property, not a home owned by the bank as an REO. This program is available for HUD owned homes only. Please talk to a HUD/FHA approved lender for more inforamation.

How the program works?

1 : Call one of your area lenders at www.realestateloans.com for a preapproval for the $100 downpayment HUD Homes Program

2 : Choose search area

3 : Find the home with a help of a HUD proficient lender

4 : Send an offer to HUD for asking price

5 : HUD/FHA will review the offer and choose the winning bid

6 : Close the deal with an HUD approved lender

This deal won't last forever. Get started today before they take it away. This is your way of getting some of the bailout money back

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