$100 Down  HUD Homes

FREE List of HUD homes Click Here

Click Here to Pre-Qualify for the $100 Down HUD Home Program

The $100 Down Payment HUD Home Program

Can you really buy a HUD home for a total of $100? Absolutely not! But if you're a qualified buyer, you can use an FHA loan to buy one of HUD's specifically designated homes for sale -- with only a $100 down payment!

For a limited time, $100 down payments are available to owner-occupied home buyers when purchasing a HUD home for full price and using an FHA-insured new home loan.

$100 down payment HUD Home Program Requirements

Owner occupancyPrimary Residence -- buyer must live in the home for at least one full year
Purchase priceBuyer must make full price offer to HUD (i.e. must offer HUD's full asking price)
Loan types available

FHA Fixed Rate 30 year, FHA Fixed Rate 15 year, FHA Secure 30 or 15 year, FHA Stimulus 5/1 ARM (Adjustable Rate Mortgage)

IncomeMust be able to document enough income that your debt to income ratios are 31% / 43%
Maximum loan amount$362,790
Property typesSingle family residences, townhomes, Planned Unit Development homes, condos
Credit Score

Minimum credit score is 580

Minimum 24 months since discharge of any bankrupties; 36 months since any foreclosure

EligibilityAll borrowers must have a valid social security number. All borrowers must demonstrate 2 years of employment history.

Permanent Resident Aliens --
• Evidence of lawful, permanent residency issued by the Bureau of Citizenship and Immigration Services (BCIS), formerly the INS.
• Copy of the Alien Registration Receipt Card (Resident Alien card), I-551

Non-Permanent Resident Aliens
• Primary residence
• Borrower must be eligible to work in the U.S.
• Evidence of valid Social Security number required
• Evidence of residency and work status to be obtained through documentation from US Bureau of Citizenship and Immigration Services (BCIS) formerly INS
• Copy of the Employment Authorization Card, I-688B. This card carries an expiration date.
• A social security card is not acceptable as evidence of work status.

ReservesThere is no reserves requirement for the program
Mortgage InsuranceFHA mortgage insurance is required on all loans


FREE List of Hud Homes Click HERE

Click Here to Pre-Qualify for the $100 Down HUD Home Program

 
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Realty World Colorado Homes 4 W. Dry Creek Cir. Suite 260 Littleton, CO 80120

Phone: 303-996-2501

steven@realtyworldcoloradohomes.com