The HUD $100 down program
is a great opportunity to get into a foreclosed home for only $100
dollars down. 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 potential homebuyers to purchase a home in
which they plan to live, using a FHA loan.
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
704-965-3319 or by simply filling out the form below.