Buy a Home with only $100 dollars down in Florida

HUD has approved a program aimed at putting foreclosed homes back into the hands of owner-occupant buyers. In select states, from now until October of next year, buyers need a down payment of only $100 to purchase a HUD-owned REO home!

How it works:
1) Buyer must be an owner-occupant
2) Must utilizing financing insured by the Federal Housing Administration (FHA)
3) Standard FHA underwriting guidelines apply
4) Sale must be for the full amount of the current list price
5) HUD may contribute up to 3% to your closing costs in some cases!

What's even better is that HUD’s $100 down payment incentive program can also be applied to an FHA 203k loan, which can be used to fund repairs and renovations on your home. The 203k program allows buyers to finance both the mortgage and additional money for rehabilitation needs with a single government-insured loan!

What this means is you can find a property that needs some TLC, fix it up however they want to (up to $30K), and finance the whole thing for only $100!!!

Qualifying States Are:

• Florida
• Georgia
• Kentucky
• Illinois
• Indiana
• Mississippi
• North Carolina
• South Carolina
• Tennessee
• Caribbean
• Alabama
• Oklahoma
• South Dakota
• Texas
• Wisconsin
• Wyoming
• Utah
• Arkansas
• Colorado
• Iowa
• Kansas
• Louisiana
• Missouri
• Minnesota
• Montana
• Nebraska
• New Mexico
• North Dakota