www.fairwayfoxvalley.com
There is an AWESOME mortgage loan program back, alive and well in Wisconsin and no one seems to be talking about it. In October of 2011 FHA/HUD “re-opened” the books for their $100 down REO purchase program in Wisconsin. We did a video installment back in December but it has not seemed to stick. The reason we know this is because of how many realtors both myself, Ryan and Barry talk to on a daily basis that are delightfully surprised to hear that this program is back or even exists.
So here’s the deal my real estate agent friends of the Fox Cities…………let’s roll this information out, “LOUD and PROUD” to all of our home buying prospects. There are a ton of Wisconsin renters out there who stay on the rental sideline due to concerns over the down payment………….we now know we have that handled. For a $100 down, these Wisconsin & Appleton buying prospects can become proud owners of a home!
To all of you Appleton & Fox Cites renters out there that think buying a home is out of your reach due to either a less than perfect credit score or because saving up all that money for a down payment seems impossisble……………..your prayers are answered. FHA financing is the most liberal of loan programs when it comes to qualification and now you can take advantage for only $100 in to the deal!!
Keep in mind, these five major takeaways when talking about utilizing the FHA/HUD 100 DownProgram in the Fox Cities and/or Wisconsin:
- The subject property must be a HUD REO (foreclosure)
- The borrower must use FHA financing to qualify
- The borrower must be moving into the home as their primary residence
- The agreed contract price must be a full offer
- FHA/HUD allows up to 3.00% seller concession toward buyer’s closing costs and pre-paids
The time is now for Wisconsin, Fox Cities and Appleton renters to seize the dream of home ownership! The prices are r0ck bottom, the rates are incredible and now a home can be bought for only $100 down!
If you’re a Fox Cities or Appleton real estate agent and need to know more about how to market or qualify these properties or buyers………….please reach out.
If you’re a renter and need more input, as always, we offer a FREE, no obligation home purchase application and credit consultation. Also, if you need any help finding a real estate agent, do not hesitate to call or email anytime.
We hope you enjoy today’s installment!
If you or any of your loved one have any questions regarding mortgage financing, home ownership or banking in general, please don’t hesitate to reach out.
Until next time-Yours Financially, Milly
Jamey Milheiser, NMLS #284184
Phone: 920-722-5626
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