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.