The HUD $100 down program is a great opportunity to get into a foreclosed home for only $100 dollars. On November 23, 2007, The Department of Housing and Urban Development better known as the HUD $100 Down Payment Program announced a new buyer's incentive program which went into effect to allow home buyers to use a $100 down payment under certain circumstances.
The $100 downpayment HUD program in Charlotte NC and surrounding areas allows people to buy homes in which they plan to live, using an FHA loan, as long as they offer HUD the full amount at which the home is listed.
Using the Charlotte NC HUD $100 Dollar Program has great benefits including seller paid closing costs up to 3% and a FREE appraisal.
HUD homes eligible for the $100 down payment program have all been foreclosed upon by their lenders; the loans involved in the foreclosure were FHA-insured. Other foreclosures on which the loans were not insured by the FHA do not become HUD homes and are not eligible for the $100 downpayment program.
To find out more information about purchasing a foreclosed home using the HUD $100 down program in Charlotte or surrounding areas, please don't hesitate to contact us at 980-307-5558.
The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Frank Coxx nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2013 Carolina Multiple Listing Services, Inc.Last updated on May 23, 2013.