HUD $100 Down – Atlanta, GA Pick of the Week

Atlanta 203K Loans

Just $100 Down Payment? YES!

This HUD 203K special is perfect for the Atlanta Braves fan. This home is located near one of Atlanta’s most desirable neighborhoods, historic Grant Park. Walking distance to Turner Field

Even if you hate baseball, it”s a pretty sweet deal for everyone in fact. Check out the specs.

  • $99,000 List Price
  • 3 Bedrooms / 2.5 Baths
  • ~1600 Square Feet
  • Built in 2008
Looks like it might need a some minor TLC and a general sprucing up to become your dream home. In fact, HUD’s done the dirty work for you, they estimate $5,038 in repairs needed.
You don’t have $5,038 to do repairs? Not an issue, this home is eligible for a FHA 203K Renovation loan.

So How Would I Use the 203K Loan on This Home?

However the heck you want to! Fresh coat of paint on the outside to liven up the place, some energy efficient stainless steel appliances for the inside, maybe some granite counter’s if that’s how you roll. That’s up to you.

The HUD REQUIRED repairs are pretty minimal. You could have them done and be in your new home before Christmas!

  • REPAIR /REPLACE PLUMBING — $640.00
  • REPAIR/REPLACE WATER HEATER — $500.00
  • REPAIR/REPLACE ELECTRICAL — $640.00
  • REPLACE MISSING HVAC — $2,800.00
  • ESCROW CONTINGENCY — $458.00

Whatever else you want to do is completely up to you and EVERY DOLLAR can be financed into the loan at $100 dollar down payment for buyers purchasing as a owner occupant.

Just so we are clear on what an amazing deal this is; you can purchase and renovate via FHA 203K, finance all the renovations and do it all for $100 DOWN!

Sounds too good to be true right? It isn’t. If you want more info on how you can make this YOUR reality simply click right here on our ATLANTA 203K HUD INFO page and we’ll walk you through the process!

 

 

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