$100 Down Payment is Back!

By
Real Estate Broker/Owner with CIDER Properties

The timing is perfect for those looking to get into a home during the Holidays for little out of pocket!  

HUD's $100 down payment initiative is back in Texas.  Those purchasing a HUD Home with FHA financing, can pay only $100 down instead of the usual 3.5%.  

There is a catch.  The purchase price must be at least the asking price.  

Imagine being able to get into this HUD Home for $100 but that is if your closing costs are no more than 3% of the sales price.  HUD will pay up to 3% of closing costs and you won't have to purchase an appriasal since HUD provides an FHA "as is" appriasal.

HUD Home in Flint, TX

For more information about bidding on the above home and HUD's $100 down payment initiative, contact Tanya Redic at (903) 484-4109 or Tanya@SoldByTanyaRedic.com.  

Comments (1)

Faith LaRosse
Springer Realty Group - Limerick, PA
Serving Berks, Chester & Montgomery Counties

Hmmm nice incentive.  Not sure about how many deals are going to come in at asking price on a HUD home-- maybe. 

Nov 02, 2011 02:33 AM