You can buy a HUD home in Minnesota for as low as $100 down! The FHA loan options even allows you to use the FHA 203k loan to get the "fix ups" needed financed in the home. Or you can simply escrow smaller repairs as part of the FHA 203e loan.
I am noticing Minnesota HUD listings starting to hit the market in heavier amounts now. There are good options for HUD home purchases for both first time buyers and investors in Sherburne, Washington, Hennepin, Anoka, Isanti, Wright, Ramsey and Mille Lacs county.
Remember you must use a HUD Registered agent for a purchase of a Minnesota HUD home. There is still time for the $8000 tax credit but you would need to get a bid accepted in the next few days for that!
If you want a list of Minnesota HUD homes in your area just email me at chuck@thediscoveryteam.com or call 612-290-3809.
Chuck Carstensen - RE/MAX Associates Plus Ins.
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