HUD $100.00 Down Payment Incentive Has Arrived In SD. One Benjamin=A HOME!

By
Real Estate Agent with Meritus Group Real Estate SD 14808

Oh happy day the HUD $100.00 Down Payment Incentive has arrived in South Dakota! What does this mean to you? It means that now more then ever you could get into a home for very little money down! Normal down payments run the range of 3.5% for FHA and a whopping 20% for a conventional loan so this program will help many people in their quest for home ownership! Some requirements of the program are.

 

1.    This offer is valid only with HUD homes

2.   This program is only valid with an owner occupied properties so investors need not apply!

3.    Earnest money still applies for these purchases. Earnest money for HUD equals $500.00 for homes listed under $50,000 and $1,000.00 for homes listed above $50,000.

4.   It is possible to ask HUD to pay closing costs up to 3% of the purchase price.

 

To take advantage of this program you need to get in touch with a HUD registered REALTOR.

 

I AM a HUD registered REALTOR. 

Posted by

 

Rosalie A. Evans                                                                      

HJN Team Real Estate

101 W. 69th St.

Sioux Falls, SD 57108

Cell 605-366-7242

rosaliesellssiouxfalls@gmail.com

 

                                       

 

   

 

                    visit my site and find a home!

              Selling real estate in the greater Sioux Falls, SD area, including the communities of 

 -Harrisburg-Tea-Worthing-Dell Rapids-Flandreau- Colton-Baltic- Brandon-Canton-Lennox-Trent-Hartford-

                                   -Crooks-Colman-Garretson-Valley Springs- 

 

                    

Comments (6)

Kathy Toth
Ann Arbor Market Center Keller Williams - Ann Arbor, MI
Ann Arbor Real Estate Experts - Kathy Toth Team

This is quite the program.  With very little money down first-time home buyers can own their 1st home.  Selling a HUD home can be challenging.  Once the buyer understands all the rules up front and they themselves review the information on the HUD.gov site the transactions can work smoothly.

Nov 16, 2011 01:14 PM
Rosalie Evans
Meritus Group Real Estate - Sioux Falls, SD
The Evans Group, Sioux Falls, SD Homes For Sale

Kathy- I wasn't sure that I wanted to become a HUD agent at first but then I realized that I did! Hud has some great programs like this one that really help people out! 

Nov 16, 2011 01:26 PM
Laura Gray
RE/MAX Realty Group - Gaithersburg, MD

Rosalie

HUD homes can be a great deal for any buyer in today's marketplace. But the $100.00 homes are the best if you live in an area that is participating. Good luck and keep us updated if you sell any of these gems

Nov 16, 2011 02:05 PM
Rosalie Evans
Meritus Group Real Estate - Sioux Falls, SD
The Evans Group, Sioux Falls, SD Homes For Sale

Laura- I have a close friend that has bid on two of them already and I am hoping she can find another and work with this program!

Nov 16, 2011 02:19 PM
Adam Malachi
A 2 Z Realty LLC - Castle Rock, CO
QSC,CDPE,CIPS,CNE,CRB,CRS,GRI,MRE,SFR

Great post! Excellent HUD program I use it a lot in Colorado!

Thanks for sharing,

Adam

Nov 17, 2011 01:35 PM
Rosalie Evans
Meritus Group Real Estate - Sioux Falls, SD
The Evans Group, Sioux Falls, SD Homes For Sale

Adam- It is certainly a wonderful program that will help many people become homeowners that otherwise wouldn't! 

Nov 17, 2011 02:14 PM