$100 down FHA loan program available for qualified buyers
What is a HUD Home?
A HUD home is a residential property (1 to 4 units) owned by HUD because of a foreclosure action on a FHA-insured mortgage. HUD assigns a real estate broker to list the home for sale. HUD homes come in all sizes, locations and conditions. Only a HUD certified real estate agent can bid on a HUD home.
Advantages in purchasing a HUD home?
1) Qualified buyers can obtain a FHA loan with a down payment of only $100 on a HUD home.
2) HUD will pay 3% of the closing costs allowing.
3) During the first 10 days of the listing only owner occupants are allowed to enter a bid eliminating competition from investors.
4) FHA Renovation loans are available on homes that require fix up.
5) HUD does an inspection before listing the property which is available to a potential buyer.
LIVE LINK TO SEARCH FOR HUD HOMES IN MESA
I have experience in assisting buyers in purchasing HUD homes. Call me for more details.