Purchase AND Renovate a HUD Home for $100 Down?
HUD FORECLOSURES – Purchase AND Renovate for $100 Down
Foreclosures far and wide, big and small are EVERYWHERE. If you are looking to buy then you are looking at foreclosures.
You’ll see HOMEPATH foreclosures, you’ll see foreclosures from all the big banks, you’ll see them for banks you have never heard of and you’ll also see HUD FORECLOSURES. Lots of them are available for down payments under 5%, but ONLY ONE can be had for $100 dollars down, HUD Properties!
So, what is a HUD Home and how do I find them? HUD homes had a FHA loan on them when they were foreclose. With the FHA loan market share on steroids right now you can take it to the bank, HUD Homes are going to be HUGE going forward.
Since HUD has an excess amount of homes on the market right now they have been forced to offer some AWESOME INCENTIVES to buy. While these incentives may vary from market to market, the ATLANTA and all of GEORGIA markets will allow buyers to purchase for $100 DOWN.
Not only can you buy for$100 down, but you can also RENOVATE the home as part of the loan via FHA 203K RENOVATION financing. Purchase & RENOVATE for a $100 bucks? That is one of the best foreclosure deals running.
HUD Homes are unique in several ways. First, they come with an AS-IS appraisal already completed. They also come with a property condition report letting you know what, if any, issues the property may have. They aretypicallylabeled in one of three ways on the listing;
- FHA Insurable – Home is move in ready and eligible fortraditionalFHA financing or FHA 203K financing.
- FHA Insurable with Repair Escrow – Home has less than$5000 of REQUIRED repair. These properties are eligible for a HUD$100 Down FHA with Repair Escrow OR, if you’d like to do additional repairs, a FHA 203K Loan
- Not FHA Insurable – These properties MUST go with a FHA 203K loan
If you are not sure which direction you need to go on your HUD Home, contact us. We are experts at this type of transaction.
Whether you are in Georgia, Alabama, Tennessee, South Carolina or Florida we have you covered. The $100 Down incentive won’t be around forever, take advantage of one of the BEST deals on the foreclosure market before it’s too late.
This Home for $100 DOWN?
One of My Lucky Borrowers Bought This Home and RENOVATED This Kitchen for $100 Down
Markets Served: Atlanta | Birmingham | Savannah | Nashville | Macon | Columbus | Augusta | Huntsville | AND MANY MORE
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