This program allows you to purchase a fixer upper home or foreclosure and roll in repairs or improvements into the mortgage. The loan is based on the appraised value after the improvements have been completed and you only need a 3.5% down payment. Find out more about FHA Streamline Renovation Program to fix up a home which needs some work.
You can purchase a HUD owned property or FHA Foreclosure with $100 down payment and the seller can pay for some or all of the closing costs. The minimum credit score to qualify for this program is 620. Find HUD Homes now!
Law enforcement officers, teachers, firefighters and emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD's Good Neighbor Next Door Program. HUD offers a discount of 50% from the list price of the home. You must live in the property for 36 months as your sole residence.The $100 down payment option is available.
You can purchase a home from your parents or relative and use the equity in the home for down payment and closing costs. For example, your parent's home is worth $150,000 but they are willing to sell it to you for $140,000. You can use the $10,000 difference or equity to cover down payment and closing costs.
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