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HUD Owned Homes for $100 Down Payment
What is the HUD REO $100 Down Program?
This loan program is specifically designed for homes that are owned by HUD. You can purchase a HUD owned home with as little as $100 down payment. The loan is a standard FHA 203b loan. It just has a special incentive where you only need the $100 down payment instead of the standard 3.5% down payment.
HOW DO I QUALIFY?
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Home must be owned by HUD
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$100 Down Payment
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Available with 620+ Credit Score
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First Time Home Buyers OK
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Maximum Loan Amount Varies by Metropolitan Statistical Area (Orlando MSA max is $353,750) contact us for your area
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Must provide proof of Income and Assets
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Owner Occupied Homes Only
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Full Documentation and standard FHA qualifying required
PROGRAM DETAILS:
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This is a Standard FHA Loan Program
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You must live in the home for 3 years
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Home must Be HUD owned, contact us to provide you with listings to view
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Standard FHA terms: 30 or 15 Year Fixed or 5/1 ARM
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