This is fantastic news for anyone looking at Denver HUD homes for a potential purchase! HUD just announced that they are bringing back the $100 down program for their HUD homes.
We’re getting more details on the program now, but basically, these are standard FHA mortgages with one exception: instead of requiring the buyer to put a 3.5% down payment, the buyer is only required to put down $100. This makes Denver HUD homes suddenly much more attractive to a standard homebuyer than any of the other available Denver foreclosures on the market.
While Denver Fannie Mae homes and Freddie Mac homes have had some financial incentives to buyers, this $100 down program will increase the demand for these homes. As I’ve mentioned several times before on this blog, HUD homes in several Denver areas typically recieve multiple bids and many times sell for more than the listing price.
If yo’d like to learn more about this program or Denver foreclosures and HUD homes in general, give our team a call at 303-726-1874. We can answer all of your questions and get you on the road to buying a HUD home with $100 down!