HUD is allowing home buyers to buy HUD homes with a down payment of only $100, as long as:
1. The buyer will live in the property for at least one year, must be owner occupied... no investors/2nd home
2. Buyer offers the full asking price for the property
3. Borrower/buyer uses a FHA loan for the purchase. Brian Hahn of Residential Capital Mortgage Corp. will pre-qualify you for a mortgage. [1291 Galleria Dr Ste: 130--Henderson, NV 89014] [bhahn@rcmvlv.com-702. 795.5953]
4. The $100.00 down payment is borrowers own funds.. Must be verified
The home has to be a HUD owned property, not a home owned by a bank as an REO.
This program is available for HUD owned homes only, not all homes are offered.
Clark County Max FHA Loan Amount $400,000
For a list of available HUD properties:
www.hudhouses.com
