You can now get a HUD home for as little as $100 Down!

The U.S. Department of Housing and Urban Development (HUD) is now offering its foreclosed homes for a  $100 down. This special opportunity lasts until October 2012.

There are also a few other caveats:

• You must work with a HUD-registered broker or agent.
• You must qualify for an FHA loan. 
• You must also intend on being an "owner-occupant". 

Sorry investors, this deal is not for you!

Now for sure you will have to pay closing costs, and of course you must be qualified for a mortgage and lastly the homes will be in "as-is" condition.

However, on some homes, HUD will cover up to 3% of the closing costs. And you can even use the $100 dollar down payment program in conjunction with an FHA 203K Loan. This allows you to use a portion of the loan for repairs and/or renovations.

This opportunity isn't for everyone. The "as-is" condition of some HUD homes can be daunting. But if you are the type that wants to get a great deal and earn sweat equity, this could be a perfect opportunity for you!

Call or email me if you would like to talk about this or any other real estate questions or concerns.
Happy house hunting!

Phillip Baird
512-289-5738
phillip@centralaustinhomesforsale.com
http://www.centralaustinhomesforsale.com/