Welcome to the ViewAndSearch.com Blog

2011-11-10 18:17:42
Get a HUD Home for $100 Down

See All Available HUD Homes at ViewandSearch.com.

The U.S. Department of Housing and Urban Development (HUD) is offering its foreclosed homes for a mere $100 down from now until October 2012.

HUD like other federal agencies, are anxious to unload properties they hold, because they can be a financial drain.

Of course you'll have to qualify for a mortgage, you may have to pays some closing costs, the deal isn't available everywhere and the condition of the homes is strictly 'as-is.'

If you can handle those qualifiers, here's the deal…

You can only buy HUD approved homes.

You must use a HUD-registered real estate broker or agent.

You must qualify for and use Federal Housing Administration (FHA) financing.

You must plan to be an 'owner-occupant,' buying the property to live in and not as an investment.

The home's purchase price must be no more than the appraised value of the property.

The $100 down incentive must be on the executed contract. That means you have to specifically request the incentive. Your real estate agent should be aware of this provision.

In some cases, HUD will also cover up to 3 percent of the closing costs.

The $100 down payment program is eligible for the FHA 203(k) loans. The loans allow borrowers to use a portion of their purchase loan to repair and renovate run-down homes.

HUD homes often include a property condition report, but that is not a warranty.

The property report can resemble a home inspection report, but HUD home buyers are always encouraged to get a home inspection to determine just what 'as is' is.

See all available HUD Homes at ViewandSearch.com.

Provided by,

Doug Spiers / Associate Broker 

Global Choice Real Estate
1436 South Legend Hills Drive Suite 314
Clearfield, Utah 84015

Direct (801) 726-7173

Email: DougSpiers@aol.com 

ViewAndSearch.com

“The highest compliment I can receive is the referral of your friends, family and business associates. Thank you for your trust and confidence.”

 
Blog Archive
2016-05-12 10:27:02
Where is Housing Headed for the Rest of 2016?

2016-05-11 07:31:59
Something home sellers need to consider

2016-05-10 16:44:34
Mortgage Rates Remain at Historic Lows

2016-05-09 14:08:28
4 Reasons to Move Up to Your Dream Home This Sprin

2016-05-06 07:23:41
Best Long-Term Investment

2016-02-02 16:49:28
No Matter Which Groundhog You Listen To...

2016-01-29 14:35:49
Existing Home Sales Bounce Back

2015-12-09 08:46:15
Real Estate News You Need to Know Wed. 12/9/15

2015-12-03 08:11:23
2016 Home Prices and Rates?

2015-10-16 10:43:16
2016 Home Prices?

2015-10-15 12:27:38
Rental Repairs?

2015-10-15 12:24:39
Millennials?

2015-10-13 07:15:49
New Home Sales Surge

2015-10-07 10:35:23
30-Year Fixed Mortgage Rates Fall to 5-Month Low;

2015-07-29 07:20:05
What you need to know today.

2015-07-22 13:45:39
Rates Today July 22,2015

2015-01-08 07:32:51
Mortgage Rates Hit 19-Month Low

2014-12-24 10:04:16
30-Year Fixed Mortgage Rate Up From 19-Month Low;

2014-09-02 18:21:41
30-Year Fixed Mortgage Rates Drop

2014-08-31 08:55:58
Housing Market Looking Up

2014-08-22 21:25:38
US housing recovery appears to be back on track

2014-07-08 08:16:44
4 in 10 US households use cellphones only

2014-06-30 12:51:26
Pending Home Sales Surge 6.1%

2014-04-29 18:07:58
Pending Home Sales 4/28/14

2013-11-14 12:56:43
30-year-mortgage rate rises to 4.35%

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.