Buy a home for $100 down!

Posted By @ Sep 17th 2012 10:11pm In: Posts for Buyers

"Buy a home for $100 down!" Is it true? YES, yes it IS true! I say this because I recently sold a home to a client and their down payment was $100. Many people may not know about this program but HUD offers their listings for sale in certain states for $100 down. HUD homes for sale in Myrtle Beach can offer great opportunities for buyers who wish to use the home as their principal residence. If you qualify for an FHA mortgage and the home meets the qualifications you can purchase it for $100 down and ask for up to 3% towards your closing costs. Not all lenders participate with this program so be sure to ask your Realtor for a list of lenders who participate or ask your lender up front when you get your pre-approval. Happy house hunting!

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