261 Garretts Dr, Douglasville, GA

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261 Garretts Dr, Douglasville, GA

For Sale

$ Click for current price

Presented By:

Bion Grady

Maximum One Realty Greater Atlanta
Licensed In: GA
License #: 279866

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Property Description

Buy a HUD Home in Douglasville for Only $100 Down

Bid Deadline is 06/14/2016

HUD is currently offering it’s $100 Down Payment program on it’s Georgia REO properties.  Don’t miss out on this GREAT opportunity to purchase a home.  For a limited time, you can purchase a Georgia HUD Owned property using a FHA loan with only $100 down.  The $100 down is instead of the normal 3.5% down payment requirement that is typically required for an FHA loan.  This offer is valid for owner-occupants only.

HUD homes are currently available in nearly every GA county. 

Should the property be in need of some minor repairs, HUD will allow up to $5,000 of required repairs to be held in an escrow account.  If the property is in need of repairs in excess of $5,000, you can still purchase it using a FHA 203K Renovation loan.  The 203K loan allows the buyer to purchase a home that has required repairs above the FHA limit of $5,000.  Even if there are not required repairs, the 203K loan can be used to update the property.

You will need a knowledgeable and experienced HUD-Registered Real Estate Agent to represent you in the sale of a HUD Home.  HUD will contribute up to 3% of the sales price toward the buyer’s closing costs.