In one of the best kept secrets in real estate today, you can buy a home for only $100 down! Loan programs also allow up to $5,000 in repair costs. What's the catch? Actually there isn't one except they are only available for HUD owned homes.
These homes can be viewed on HUD.Gov. You can also contact a local Realtor who is hud approved. Most of these homes are in need of repair and can also be used in conjunction with the FHA 203(k) program. The 203(k) loan allows up to $35,000 ($31,500 with a 10% continent's) for non major repairs.
With home proces at bargain prices, rates near historic lows and a $8,000 tax credit, buyers will be says I should have bought in 2009 for years to come.
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