$100.00 Down Payment for HUD Foreclosures

$5,000.00 in escrow hold back for repairs may be included.

Very Important Please Read!!!!!
HUD REO Foreclosures
$100.00 Down Payment now available with a repair escrow up to $5,000.00

This is not a 203K loan so you don't have the complexity of the FHA Rehab product.
The Realestate agent writes the contract as a normal FHA 203b with a repair escrow then the entire repair value up to $5,000.00 can be included in the loan amount and escrowed.

• Client must have a 620 middle Fico
• The LTV cannot exceed 110% of the lesser - as is appraised value or the sales price
• Borrowers with a bankruptcy discharged in the past 2 years are not eligible
• Borrowers with a foreclosure in the past 3 years are not eligible