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With all the craziness in the Mortgage/Real Estate Industry i wanted to pass long info on an amazing program.  You can buy a home with just $100 as your down payment.  Here are the rules and items to remember:

  1. This program is only when buying a HUD(govt) Foreclosure.
  2. You must buy the home for the List price or more to qualify for the $100 down payment
  3. You will still have closing costs to pay, but you can negotiate with HUD to pay all or some of them
  4. This is a FHA loan.  So the same great benefits: great rate, low mortgage insurance. 
  5. But, $100 is way less then the 3.5%(of the sales price) that FHA normally requires for your down payment

In this Real Estate Market it is important to know all your options for the best mortgage.  And this is one of the best out there.  Another GREAT mortgage program by "Dave Your Mortgage Guy". 


Posted by David Krichmar on February 11th, 2010 10:42 AMPost a Comment (0)

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