Buy A HUD Home With Only $100 Down Payment!

Recently most of the 100% no money down programs have been eliminated from the market. The lowest down payment amount now is 3.5% offered by FHA financing. But there is an exception for HUD homes in some states. You can buy a HUD home with only $100 down payment. The HUD $100 Down Payment Incentive Program is a great deal.

For a limited time any HUD home which is FHA insurable can be purchased for just $100 down, as long as you use an FHA loan.

The HUD $100 Down Payment Incentive Program comes with some qualifications or restrictions. There are a few requirements that need to be met - nothing outrageous. 

The requirements to qualify for the HUD $100 Down Payment Incentive Program are:

 1. You have to use FHA financing.

$100 Down payment incentive is only for purchasers of HUD homes for sale using FHA financing.

2. A Pre-Qualification letter from the FHA Lender.

Important: You must have this letter BEFORE HUD will accept a Bid from you.

3. You have to be an "owner-occupant".

"Owner-Occupant" is HUD's word for homeowner. You are buying the property to live in not as an investment. This incentive is not for investors!

4. The Bid must be for FULL listing price or higher.  (Almost always a bargain)

The purchase list price of the HUD home is the "appraised as is" market value of the property. Many times if you bid a "little" higher you may increase your chances of having the winning bid.

5. The $100 Down Payment Incentive has to be on the executed contract.

The HUD $100 Down Payment Incentive Program has to be on the executed contract presented to the closing agent by the M & M Contractor. What this means that you have to request this incentive when you sent the signed contract to HUD's M & M Contractor.

6. You must put up Earnest Money.

The Earnest Money will be applied to closing costs. If the property is under $50,000 then you will need a cashier check/money order in the amount of $500; if the property is $50,001 or above the amount needs to be $1000.

Now is the time to take advantage of The HUD $100 Down Payment Incentive Program! You may also qualify for the $8000 TAX CREDIT - this credit does not have to be re-paid - It's like an $8000 gift to you! These two incentives combined equal an unbelievable opportunity for home ownership! HURRY these offers are for a limited time only!

For more information about the HUD $100 Down Payment Incentive Program, please fill in the short form below.