HUD homes for only a $100 downpayment in Florida...

By
Real Estate Broker/Owner with Realty Empire Incorporated

 

Through Oct., HUD will sell REO homes to owner-occupants who qualify for FHA financing, including 203k fix-up loans. In most cases Hud will also cover up to 3% closing cost.

In Florida and a handful of other states, the Department of Housing and Urban Development (HUD) will sell homes it owns for only a $100 downpayment, providing buyers meet certain conditions.


Buyers must plan to live in the home and pay full asking price. Buyer must also purchase home with FHA finacing.

This deal also will cover those homes that require repairs that are being bought through FHA203K loan.

FHA 203K loan: is a way for a buyer to borrow more than the list price and use the extra money to fix it up. By rolling the loan money plus fix-up costs into a single loan, buyers can pay it off over time with one monthly payment.

For more information check out HUD's website

Posted by

 

Stephanie Leon

Real Estate Broker
Realty Empire

6625 Miami Lakes Dr.
Miami Lakes, FL 33014

Contact me at:
786-664-7710
SLeon@RealtyEmpire.net

 

 

                        

  

 

All Rights Reserved. Copyright 2010-2018 Stephanie Leon Realty Empire 

Comments (1)

Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.

I know this is true but still hard to believe isn't it. But you gotta sell what ahd when you can.

Jan 27, 2012 03:28 PM