Buy a HUD home with only $100 down!

This is a little known program that can work well for qualified buyers....check it out!

HOPE FOR HOMEOWNERSHIP: HUD CONTINUES TO OFFER

DOWN PAYMENT ‘ASSISTANCE’

ATLANTA, Ga. – In a real estate market plagued by setback after setback -- and most recently, the termination of most down payment assistance programs -- the U.S. Department of Housing and Urban Development (HUD) in Georgia offers hope for homeownership, continuing to offer homes for sale with an option of a $100 down payment.

Amidst the collapse of other down payment programs, the “$100 Down Incentive,” which HUD unveiled in October 2007 as a means to promote and increase homeownership, remains available to owner-occupant buyers who purchase a HUD-owned home with FHA financing.

There are currently more than 2,000 HUD-owned homes for sale in Georgia, varying the gamut when it comes to price, location and condition. Any of these homes which are eligible for FHA financing are eligible for the $100 down program incentive. In such sales, the $100 down payment takes the place of the standard 3% down payment required by FHA.

Anyone who is able to obtain financing is able to purchase a HUD-owned home by having a HUD-registered agent submit an offer via HUD’s electronic bidding system. The only buyer-requirement for those who wish to take advantage of the incentive is that the buyer must live in the home purchased as his/her primary residence for at least one year.

For more information about the HUD Homes Sales Process, the $100 down payment incentive or to search for HUD-owned homes currently available for sale, visit www.hud.gov or www.hudpemco.com.