Did you know you can buy a HUD home with only $100 down? The HUD program in Charlotte and surrounding areas allows people to buy homes in which they plan to live for at least three years. Prospective buyers must qualify for an FHA loan and offer HUD the full amount at which the home is listed.

HUD homes eligible for the $100 down payment program have all been foreclosed upon by their lenders; the loans involved in the foreclosure were FHA-insured. Other foreclosures on which the loans were not insured by the FHA do not become HUD homes and are not eligible for the $100 down payment program. Using the HUD $100 dollar program has great benefits including seller paid closing costs up to 3% and a FREE appraisal. The buyer may only have to come to closing with $100!

There is one catch, finding the right house.  As you can imagine finding the right HUD foreclosures in the right neighborhood at the right time can be tough.  HUD has a great site for answering all your questions about buying a home and FHA Financing.

The percentage of homeownership has dipped during the recession.  During 2000, the US homeownership rate reached 67.7%, the highest rate ever. According to Morgan Stanley, the current homeownership rate is around 59.2%. This is lowest rate since the Census Bureau began tracking in 1965.

To become a first-time homebuyer, you need to know where and how to begin the home buying process
HUD's FHA has helped more than 30 million people become homeowners since 1934. We want to help you open the door to your own home. After all, HUD and FHA are on your side. www.HUD.gov

Good Neighbor Next Door Program
Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD's Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return you must commit to live in the property for 36 months as your sole residence.

Eligible Single Family homes located in revitalization areas are listed exclusively for sales through the Good Neighbor Next Door Sales program. Properties are available for purchase through the program for five days. http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/reo/goodn/gnndfaq

Call Lind Goodman with Henderson Properties 704-544-0253.  We are approved by HUD to represent you and would love to help you find a great home at a great price!