Per Hud:How to Sell HUD HomesThe following information is provided as an introduction to the process through which HUD homes can be purchased and resold. You can either scroll down the page, or
Metrowest 3 Bedroom 2 Bathroom Home In Orlando For Just 100 Dollar Down Payment
This is HUD case 094-520331 and it is classified as "IE" or "Insured with Escrow".
Did you know you can buy this home for just $100.00 as your down payment? Normally, you would need 3.5% down payment for an FHA loan, which would come out to be $5,775.00. However, since this is a HUD Home listing, you can bypass the $5775 and just pay the $100.00 as the down payment. HUD gives this incentive for buyers who will use FHA financing to purchase the home. It just so happens that FHA is one of the easier loan products to qualify for as well!
As of the date of this blog post, this listing will most likely only be available for 3-4 more days on the market. Therefore, the listing's photo above will probably disappear by 11/16 or 11/17 of 2017. SO what does that mean? It means we have to act SUPER FAST. It's an easy process once you take a look at the house. If you like it and want to make the offer, we get your lender's pre-approval letter from them. Then we submit the offer online at www.hudhomestore.com. It takes approximately five minutes!!! That is, it's that easy if you use a HUD Approved broker such as Smith Realty!
And remember...If you want or need help in any or all of your Orlando real estate needs, don't hesitate to contact a local Orlando Realtor. We also help those looking to buy Florida New Construction by giving a New Construction Rebate which helps buyers with closing costs or maybe furnishing that new home!
A lifelong native of the Central Florida area, Jesse Smith is knowledgeable about the many facets of Central Florida real estate, and can help you navigate your way through the buying/selling process ....