Bank Owned HUD Home

100 HUD HOME PROGRAM
HUD is the government department of Housing and Urban Development. When someone with a home financed through FHA can no longer make the payments HUD will foreclose on the home and take ownership. HUD will then sell it to you at current market value for as little as $100 down!
WHO CAN BUY A HUD HOME?
Anyone who can qualify for a mortgage or who can pay cash may purchase a HUD home. They must live in the home as owner occupants for one year and cannot purchase another HUD home as owner occupant for two years.
Due to the economic down turn real estate has dropped tremendously. Jobs have been lost, hours have been cut.  As a result of this millions of homes have gone into foreclosure causing HUD’s inventory to grow bigger than ever. You can make their economic loss your gain by purchasing a HUD home for pennies on the dollar and only $100 down!
WHAT’S THE CATCH?
There’s no catch! It’s unfortunate that people have lost their homes through this process, but the good news for you is, whether you are a first time home buyer or a victim of the times trying to rebuild, the $100 HUD home program can turn your dreams to reality or help you build again. The $100 down payment incentive is available only to owner occupant buyers that choose to use FHA financing to purchase their home.
WHY FHA?
FHA insured mortgages offer many benefits and protections that only come with FHA: 
Easier to Qualify:  Because FHA insures your mortgage, lenders may be more willing to give you loan terms that make it easier for you to qualify. 
Less than Perfect Credit: You don’t have to have a perfect credit score to get an FHA mortgage.  In fact, even if you have had credit problems, such as a bankruptcy, it’s easier for you to qualify for an FHA loan than a conventional loan. 
Low Down Payment: If the $100 HUD homes don’t meet your needs there are other properties available that will! FHA loans have a low 3.5% down payment and that money can come from a family member, employer or charitable organization as a gift.  Other loan programs don’t allow this. 
HOW DO I QUALIFY?
A lot of people are worried about qualifying for a loan in these trying times. But, because these homes are government owned, they are backed by government financing so you don’t need the best credit! They work with you!
EVEN if you have low FICO’s
EVEN if you have no credit
EVEN if you have a bankruptcy or foreclosure
So, the next question for you is, “Are you ready to be a home owner and take advantage of this limited time opportunity?”
Your road to home ownership is as simple as picking up the phone or submitting your email address!

 

 

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Bank Owned HUD

 
 

Fico NeededFHA Loan Program FHA HUD Program U S Citizen 10 days only Must offer Full Price Escrow begins Escrow complete Other Programs
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