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That home is a nice HUD owned property. What a bargain! and $100 down. Plus a terrific location. Wow.
Hi Julie,
This sounds like a deal! Is the builder buying down the rate, paying closing cost etc??
Connie Lou
@Connie Lou: Believe it or not, this is a HUD house. It's a typical 1% origination fee FHA mortgage. Seller pays 3% toward closing costs and HUD has a $100 down payment program in TN right now. Most owner occupants would be able to buy this house with little or nothing more than their $1,000 earnest money.
No closing fee from the title company, no charge for the appraisal (it's already been done).
If you can find one (and don't get out bid!) this is an absolutely fabulous program.
@LOL, did you buy this home? If so, did you have it inspected? Just curious...
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