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FHA $100 down Market, originate and close FHA repo’s with only $100 down.

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Presentation on theme: "FHA $100 down Market, originate and close FHA repo’s with only $100 down."— Presentation transcript:

1 FHA $100 down Market, originate and close FHA repo’s with only $100 down

2 Yes $100 down FHA purchase 3.5% down is not required Available on many FHA repo's Standard FHA requirements No First Time Home Buyer requirement Owner occupied ONLY!

3 Originating $100 down Where to find properties HUD Website: http://www.hud.gov/http://www.hud.gov/ Types of HUD Homes UI IE IN

4 Resources Purchase Agreement $100 Down Addendum Property Condition Report Previous Results The Local Reseller’s Website

5 Heads-Up Appraisals are provided by HUD…don’t order one Title must be done by the designated HUD contractor 5 business day wait period from docs Realtor MUST work for an approved broker

6 Rules and limitations 3% closing costs paid by the seller 5% max real estate commission No Realtor/ Broker admin fee allowed Must close within 45 days of HUD's bid acceptance.

7 Marketing Craigslist ads USE THE SYSTEM! Co-market properties with an approved Realtor Market to realtors from the HUD website Use website for pricing??? Realtor office presentations

8 Lenders that accept $100 down Wells Fargo US Bank GMAC More? Let us know.


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