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9AM to 5PM Monday through Friday Central Time today!
HUD Homes
A HUD home is a 1-4 unit property acquired by HUD because of a foreclosure
action on an FHA insured mortgage. HUD becomes the owner of these properties and
at times offers the sale of these homes at a reduced price to cover the loss of
the claim.
In order to buy a HUD property you must be pre-approved and working with a
real estate agent to make an offer.
HUD $100 down payment program
HUD properties currently have a program that only requires you to put down
$100. In order to get this special incentive you must offer full price on the
HUD property and the financing must be FHA. FHA loans typically require you to
put down 3.5% of the sales price. With this program you will need $100 dollars,
$1000 earnest money, and any closing costs not paid by HUD. Currently HUD will
only pay 3% of your closing costs.
With all the current HUD foreclosures on the market, there are many
properties to choose from.
Call us with any questions at 1-800-223-7409
Our Pre-Approval consultation is free and without obligation
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