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HUD Homes: $100 down payment!

February 15, 2011

$33,000.00 Address: 218 CANNON WAY CASSELBERRY, FL 32707 SEMINOLE COUNTY Appraisal Date: 10/26/2010 Bed/Bath: 3/1.00 Total Rooms: 6 Square Feet: 828 Year: 1960

In an effort to increase affordability for owner occupants, the Federal Housing Administration (FHA) is rolling out a $100 downpayment on HUD homes for sale for a limited time. Coldwell Banker is a HUD approved broker and I have shown many HUD homes through the real estate downturn. HUD stands for Housing and Urban Development, which is a government program regulating housing and city development.

$100 Down Payments!
Available to owner occupant homebuyers when purchasing a Florida home at full price and using an FHA-insured mortgage. It’s a great time to purchase a Florida HUD Home with FHA financing.

Program Highlights  

In order to qualify for the $100 downpayment HUD Home program,
you must meet certain requirements.
here for more info.

Can you really buy a Florida 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! The current minimum for FHA financing is 3.5% of your purchase price. So on a $100k home this is a $3,400 savings in downpayment.

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

Here is a list of all HUD homes currently for sale in:

Seminole County

Orange County

For more information on HUD homes, or to set up on a up to date search direct from the MLS please contact me here.

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