Yes, it is possible to get into a HUD home with only $100. It has to be a HUD owned home and eligible for the special program. You can find those homes in your area at HUD.GOV and then search for hud homes in your state. Here in the Treasure Valley, we have approx. 25 homes listed and most are eligible for this program.
Some of the details include:
$100 Down Payment! Financing is available on most properties through participating FHA Approved Lenders.
. $500 Broker Bonus! The selling broker will receive an extra $500 for securing and closing a full price owner occupant sale regardless of Financing type.
. $1,000 Sales Allowance! An additional $1,000 sales allowance will be credited at closing to the owner occupant purchaser for full price offers regardless of Financing type.
I am an FHA approved lender, and I would love to discuss the program and get you approved for one of these homes.
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