Home Loan Information Home Loan Information From A Former Industry Insider

An FHA Home Purchase for $100 Down? Yes!

Sure, there’s the old argument that people who don’t make a down payment can’t afford the home. Then there’s the realistic fact that in Georgia you can buy a HUD home for well under market value from HUD using our FHA acquisition loan and only $100 down thus saving your down payment for clean up and cosmetic rehab. In fact if there is up to $5000 in necessary repairs like the HVAC, plumbing, electrical, Sheetrock, etc., that can be paid for at closing as a part of the loan.

HUD currently has an excess of properties available in Georgia and many of them are in great condition. Some may need repairs but this program allows for up to $5000 in repairs and the FHA streamlined 203(k) allows for up to $35,000 in repairs.

You still have to qualify under HUD’s guidelines for this FHA loan but all in all this is a fantastic program.

Call me today at 678-946-0101 and let’s discuss the possibilities about you owning one of these Georgia HUD homes!

Ken Cook