- HUD has announced a limited-time sales incentive program which allows qualified buyers to buy HUD homes with a down payment of only $100, as long as:
- The buyer will live in the property for at least one year (investors do not qualify for this incentive)
- The buyer offers the full asking price for the home, and
The buyer uses an FHA loan for the purchase. - Not all foreclosure properties qualify ...Call for details.
How the program works - Each Friday, we get a list of new HUD homes which have hit the market. For the first ten days, HUD only accepts offers from "owner occupied" buyers -- that is, from people who intend to live in the home themselves. On the eleventh day, HUD may either pull the home to repackage/reprice it and list it again with a new 10 day bid deadline, or they will open up bidding to "non owner occupied" buyers -- people who intend to rent the home to others.
Step 1 -- Get pre-qualified for the $100 downpayment HUD Homes Program
Step 2 -- Choose search area and type of home (e.g. Northwest San Antonio- 3 bedroom, 2 bath with 1,700 square feet or more)
Step 3 -- Tour homes in your area which meet your requirements
Step 4 -- Submit Offer w ViewSanAntonioHomes.com to buy the home you've chosen
Step 5 -- Compete with other offers on the same property, if HUD receives any
Step 6 -- Close on your purchase using an FHA-insured loan.
It's not that hard -- but the first step is to get pre-qualified. Give me a call @ 779-1100 or use the form below for questions. Get Information Now:
With Hundreds of Different Loan Programs Available
- One is Right for you. Apply Today!