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For qualified buyers it is still possible to buy a Coweta County HUD home for sale for only $100 down.

Newnan HUD homes can be purchased with a little as $100 down.One of the advantages of purchasing a Coweta County HUD home for sale is that many buyers qualify for a down payment as low as $100.

You must be buying as an owner-occupant, and you must be able to qualify for an FHA loan for the amount of the bid, plus any rolled in expensed such as the 2.25% up-front mortgage premium.

The one caveat that buyers need to be aware of is that a $500 earnest money deposit is required for bids up to $50,000 and $1,000 for houses over $50,000.  This deposit will be applied as a credit towards the $100 down payment and any closing costs that are not paid by HUD.

For more information contact a Realtor that is experienced in HUD sales!

 

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Comment balloon 4 commentsRichard Weisser • May 30 2010 10:07PM

Comments

Richard, we don't see many HUD homes in my area, but I have often thought if I ran across one that buyers of mine wanted... guess who I am calling?

Great deals to be had in your location to buy a HUD home.

Posted by Andrea Swiedler, Realtor, Southern Litchfield County CT (Berkshire Hathaway HomeServices New England Properties) over 9 years ago

Richard, we have a fair number of HUD homes in Kansas City.  They can be good deals for buyers.  I'm glad that you mentioned the EMD - some agents forget to mention that little detail.

Posted by Maria Morton, Kansas City Real Estate 816-560-3758 (Platinum Realty) over 9 years ago

Rchard,

There are not many HUD listings in the San Francisco/ San Mateo area, but I have seen some listings in Hayward and in San Jose CA. I think buyer should take advantage of this great opportunity in your area. Good luck!

Posted by Mayra Espinosa Realtor San Mateo Pacifica Homes, Pacifica -San Mateo,CA Real Estate agent, Buy,sell (Red C Realty| Call 650-996-8961) over 9 years ago

Richard,

Just got HUD trained, got our key and NAIDs # and are ready to rock. Going to start putting link to the HUD sale site in blog posts next week. Well done...your website is great by the way.

Posted by Steve and Jan Bachman, Realtors - Northern Virginia (RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax ) over 9 years ago

Participate