HUD $100 Down Mortgage Program

A HUD owned home is a property that had an FHA-insured mortgage and which was subsequently foreclosed. Once the foreclosure process is complete, HUD places the home for sale at market value in ‘AS-IS’ condition. Realtors must be registered through HUD to facilitate the purchase of these homes which are sold through a bidding process.

The HUD $100 Down program makes these government owned foreclosure homes available for purchase with just a $100 down payment! Very few lenders can offer this specialty program. Guaranty Mortgage is pleased to have this program available to our Texas borrowers. Check https://www.hudhomestore.com/Home/Index.aspx to search for available properties.

Requirements and Benefits:

  • Only $100 down payment is required to purchase one of these homes (some closing cost may still apply)
  • Lowest Down Payment requirement (very close to 100% financing.)
  • Can be easier to qualify for than conventional loans.
  • Often offers lower interest rates than conventional loans.
  • Total loan amount cannot exceed FHA maximum county loan limits.
  • Property must be a HUD owned home.
  • Buyer must be able to make an earnest money deposit.

APPLY ONLINE >

Both Jackie and Robin were very helpful and always available to answer questions I had. Thank you for making this process as smooth as it could be.

Nicole S.

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