FHA $100 down

Market, originate and close FHA repo’s with only

$100 down

Yes $100 down FHA purchase

• 3.5% down is not required• Available on many FHA repo's• Standard FHA requirements• No First Time Home Buyer requirement• Owner occupied ONLY!

Originating $100 down

Where to find propertiesHUD Website: http://www.hud.gov/

Types of HUD HomesUI IEIN

Resources

• Purchase Agreement• $100 Down Addendum• Property Condition Report• Previous Results• The Local Reseller’s Website

Heads-Up

• Appraisals are provided by HUD…don’t order one

• Title must be done by the designated HUD contractor

• 5 business day wait period from docs• Realtor MUST work for an approved

broker

Rules and limitations

• 3% closing costs paid by the seller• 5% max real estate commission• No Realtor/ Broker admin fee allowed • Must close within 45 days of HUD's bid

acceptance.

Marketing

• Craigslist ads USE THE SYSTEM!• Co-market properties with an approved

Realtor• Market to realtors from the HUD website• Use website for pricing???• Realtor office presentations

Lenders that accept $100 down

• Wells Fargo• US Bank• GMAC• More? Let us know.