Pay Only $100 Down and Receive $1000 Back on Your Next Home Purchase

So you are ready to purchase a home but hate how much you have to come up with for the downpayment.  At minimum you may have to pay 3.5% of the purchase price of the home down and at maximum you have to pay 20% down depending on the lender.   You wish there was an alternative that worked for you since your income will not allow you to qualify for the various low income-restricted down-payment assistance programs (if you think you income will qualify you for the down-payment assistance programs, email places2love@gmail.com and we will send a list of programs that offer down-payment assistance).  Well, there is hope!  There is an option where you only pay $100 down on your loan and you also may receive $1000 back at closing - this is a great option that more and more buyers are taking advantage of and it maybe worth you examining. 

If you purchase a home with an FHA loan acquired by the US Department of Housing and Urban Development (HUD) as a result of a foreclosure, you qualify for the $100 down-payment!  There are no income limits outside of qualifying for the loan and you simply have to be the owner-occupant of the new home (it cannot be an investment property).  In this market with so many foreclosures occurring, HUD-owned homes are not low-end housing and you may actually be able to find a home that is move-in ready.  To view homes that qualify for the $100 down-payment visit www.hudpemco.com.  As an added bonus, if you get under contract with a HUD-owned home within 30 days of it being listed on the market, you will receive a $1000 bonus at closing.

For more details about this and other programs that save you money in your home purchase, contact places2love@gmail.com or 404.444.5777!  Happy savings!