The $100 Down Payment HUD Home Program

How it works:

If you're a qualified buyer, you can use an FHA loan to buy one of HUD's foreclosed homes for sale -- with only a $100 down payment!

$100 down payments are available to owner-occupied home buyers when purchasing a HUD home for full price and using an FHA-insured new home loan.

You have to use a registered HUD agent to purchase one of these homes. Things to know:

You have to use a registered HUD agent to purchase one of these homes.

Our realtor partners are experienced in this kind of home buying transaction.

Home owners have priority bids over investors if they are using FHA financing. So if this is going to be your main residence and you make a bid and a investor makes a bid and theirs is higher, they would accept your offer before theirs.

Approval letter - this is good to have when looking for any home, but is REQUIRED with a HUD home and most realtors require this before showing any homes. If your offer is accepted you have 24 hours to get a signed contract along with a copy of a cashiers’ check of the earnest money and a copy of the approval letter.