There is a great new program available now for purchasers who are looking to buy a HUD home. All that is needed is $100 for your down payment instead of the minimum 3.5% down if you were to go with an FHA loan. In order to qualify you must meet the following requirements:
1. You must use a HUD registered broker. Not all broker's and agents will have access to this program for their clients.
2. You must pre-qualify for a mortgage and use a lender who offers this program.
3. Homeowners purchasing the home as a primary residence will get first priority to utilize the program.
4. Prior to making a bid, you must provide your real estate broker with the appropriate earnest money deposit in the form of a cashier's check or money order.
This is a great program available on selected HUD homes. For more information, or to get pre-qualified for the program contact me and I will put you in touch with a loan officer who can participate in the program.
When You List with Smoot, You Sell with Smoot
With over 11 years in the business I offer my clients the most comprehensive representation in Maryland. Not only am I a REALTOR, but I also hold a Broker's license, which is the highest and most specialized license a REALTOR can hold. Customer Service is my Priority, Selling Houses is My Goal! Contact me for any and all of your Real Estate Needs. 443-504-8930