The $100 Down Payment Program for HUD Owned Homes

Unlocking Homeownership Dreams:
The $100 Down Payment Program for HUD Owned Homes

Are you dreaming of owning your own home but struggling to save for a hefty down payment? We have fantastic news that could make homeownership a reality sooner than you think! Imagine purchasing a home for just $100 down payment – yes, you read that right! With the HUD $100 down payment program, eligible buyers have an incredible opportunity to turn their homeownership dreams into reality with minimal upfront costs.

Understanding the HUD $100 Down Payment Program

HUD, or the U.S. Department of Housing and Urban Development, offers a special program that allows qualified buyers to purchase HUD-owned properties for just $100 down payment. These properties, often foreclosed homes, have been acquired by HUD due to defaulted FHA-insured mortgages.

Benefits of the Program

The HUD $100 down payment program opens doors to homeownership by offering numerous benefits:

1. Low Down Payment: Say goodbye to hefty down payments. With just $100 down payment, buyers can secure their dream home.
2. Affordability: HUD homes are often sold at discounted prices, making them more affordable compared to traditional purchases.
3. Equity Building: By acquiring a HUD home, buyers may have the opportunity to build equity from the moment of purchase.

Eligibility Requirements

To qualify for this program, buyers must meet certain criteria:

• The property must be a HUD-owned home.
• Buyers must engage a HUD-registered real estate agent or broker.
• Buyers commit to residing in the property for a minimum of one year (not applicable to investors).
• FHA loans, including 203b and 203k loans, are acceptable for the purchase.
• The home sale contract must confirm participation in the $100 down payment program.
• Loan-to-value (LTV) should reflect the buyer's contribution of $100 towards the home purchase.
• In case the appraised value of the home is less than the sale price, buyers must make up the difference to meet the $100 down payment requirement.

Why Work with a Realtor?

Navigating the home buying process, especially when it involves special programs like the HUD $100 down payment program, can be complex. That's where a knowledgeable real estate agent comes in. Working with a Realtor ensures that you have a dedicated professional by your side, guiding you through every step of the process and ensuring a smooth transaction.

Meet Tammi Printz: Your HUD Program Expert

If you're considering taking advantage of the HUD $100 down payment program, it's essential to work with an expert who understands the intricacies of the program. That's where Tammi Printz of First Home Mortgage, one of our Preferred Lenders, comes in. With her expertise in helping buyers purchase homes using FHA/HUD programs, Tammi can provide invaluable assistance and guidance throughout the pre-approval process.

Take the First Step Towards Homeownership Today!

Are you ready to take the first step towards homeownership? Don't let a hefty down payment hold you back. With the HUD $100 down payment program, owning your dream home is within reach. Contact Us today to learn more about how you can benefit from this incredible opportunity on your journey towards homeownership!

Or Contact Tammi Printz to start the pre-approval process now: CLICK HERE

Don't let your homeownership dreams remain just dreams. Take action today and unlock the door to your future home with the HUD $100 down payment program. Let's make your dream home a reality!