HUD home loans are a great option for bargain shoppers.
HUD home loans are for homes that have been foreclosed and HUD as retained ownership of the property. This is great if you are a borrower looking to get into a home with nothing down and at the lowest price possible. This is not for people that are not ready to make significant improvements to the property. Since they were foreclosed, many times the homes have been damaged and require renovation.
HUD Home Loan Features & Benefits
- $100 Down Payment
- FHA Home loan product
- Specific to the property