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.