Buying a HUD Foreclosure for $100 down?

Yes – you can buy an FHA foreclosed (HUD) home with $100 down…

But you must use FHA financing; the total estimated repairs don’t need to be under $5,000 (i.e., FHA insurable) as long as FHA financing is used; and you must be an owner occupant.

Unfortunately, Good Neighbor Next Door properties are ineligible for the $100 down.

See details here – http://www.hudpemco.com/100%20Down%20Payment%20Incentive.pdf

References to products and services are not a specific endorsement, but the user must perform their due diligence and investigate whether the product or service is right for them. I welcome any or all comments that would help others.

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