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Buying a home for $100 down
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 The $100 Down
Payment Option is available on HUD REO sales
for owner occupied properties as determined by HUD. Generally, HUD’s
requirement is that in order to be eligible, a full price offer must be
made to
and accepted by HUD.
FHA may allow an
incentive of up to $2,500 paid by HUD, and
sellers can contribute up to 3% of the closing costs.
Eligible Programs
The $100 Down Payment
Option is available on the following
FHA programs:
- 203(b) –
Standard FHA mortgage
- 234(c) – FHA
Loans for Condominium Units
Eligible Borrowers
All borrowers eligible
for FHA financing. May not have owned
a home in the last 3 years, BK 2 years or older. Loans must comply with
standard FHA underwriting guidelines
Eligible Collateral
- Single Family
Residence
- Planned Unit
Development (PUD)
- Condominiums
(FHA Project Acceptance
Required)
- 2-4 Units
Required Documentation
The HUD purchase
contract must reflect the $100 down payment
amount on line 4 of the sales contract, and if applicable, the $2,500
incentive
granted by HUD.
HUD/REO Appraisal
required. Underwriter to review to
determine property condition is acceptable.
Unlike those other
guys, we don't require your personal information to let you search for
properties, but if you would like to register with us so that we may
follow up with you, would
be so kind to provide you name and email address. Either way
have fun.
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 100% financing
Interest-only mortgages
Adjustable rate loan
Fixed
rate mortgages
Piggybacks
Ten year mortgage
Bridge loans
Construction loans
Lot loans
Lines of credit
Reverse mortgages
... and so much
more.
(916) 899-4839 |
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