The sale of a home can be a stressful time, or it can be exciting. Here are some points to think about when considering selling your home. Have you thought about questions you want to?
CURIOUS ABOUT HUD DOWNPAYMENT
Are you curious about HUD's $100 down payment program?
We talk a lot about the program as we come across plenty of homes that qualify for this option. Sometime's programs seem to good to be true, right? This one is REAL and it might work for you!
Here are some of the eligibility requirements to consider for the $100 Down Payment HUD Program:
The home must be a HUD owned home
The home buyer must use a HUD registered real estate agent or broker (if your wondering we are HUD registered) to qualify for this incentive program
The property will be purchased by the home owner on an “as-is” basis
This program can not be combined with Streamline 203K or a 203b Repair Escrow transaction
The property must be in an eligible HUD area
Eligibility is determined by HUD
Contract of the Home Sale must confirm a $100 down payment program
Loan to Value (LTV) should show that the home buyer (loan borrower) has contributed $100 towards the purchase of the home (sale price) — the appraisal value should support the sale price or higher
If the home appraised value is less than the sale price, the home buyer (borrower) will need to add to the purchase price to equate to $100 to meet the required down payment – speak with a FHA home loan group for specifics.
Here are some of the homes in Central Florida that might be a good fit.
Want more info or to schedule a showing click on the properties above or just reach out and stop by to like my Facebook page for ongoing info as well @daniellecalabreserealtor