Kay, 404-298-5500, Georgia Mortgage Consultant
The HUD $100 Down program significantly reduces the cash you would have to pay out of pocket for your home. This makes it a great program for Georgia first time home buyers, provided you can find the right property.
This program, which has been open since November of 2007, allows you to buy a HUD foreclosure with $100 down (instead of the traditional 3% down). It can only be used for property you plan to occupy - investors are not eligible.
The program ends on September 30, 2008, and I have not received any information about it being renewed.
If you have any questions about this program, feel free to contact me at 404.298.5500.
Posted by Kay, Georgia Mortgage Consultant and VA Loan Specialist.
404.298.5500
25+ years' banking and finance experience.
Helping residents of Georgia with their mortgage financing needs since 1998.
Specialties: FHA Mortgages, VA Mortgages, GA Relocation Mortgages.
Not meant to be tax, financial or legal advice. Please consult a professional for information about your specific situation.
Comments(1)