This is not a new program, but if you are in the market to purchase a foreclosure, you can do it with only $100 down. If you qualify for FHA financing and if you purchase a HUD home, you can put down $100 rather than the 3% that FHA normally requires. This goes for regular FHA financing and even rehab FHA financing. Remember, you must purchase a HUD home through a HUD registered broker, so call me if you are interested in viewing or getting more information on purchasing HUD homes or any foreclosures for that matter in Conroe, Montgomery, The Woodlands or Magnolia TX. This is one of my specialties. Happy house hunting!!
Hello, my name is Cassie Englett, and my husband & I are looking to purchase a home. We will be first time home buyers, and I was reading about the $100.00 down for the HUD homes. Can you tell me more about this program.
Also, we both have been going through credit repair, to get our credit improved, because we were told that if we want to purchase a home as a FHA, that our credit score had to be atleast 580, which they are both now, for me & my husband.
Also, can you tell me, if you purchase a HUD home, would we still qualify for the tax credit of $7500?
Also, not sure, but I heard that they are in the process, of maybe, letting you use the $7500 as a down payment.
By: Cassie Englett on October 14, 2008
at 1:41 pm