$100 HUD Homes Program - FHA

The FHA $100 HUD Repo program is a purchase-money loan offered in the Atlanta, Georgia area to purchasers of a home owned by the Department of Housing and Urban
Development. Buyers are only required to make a $100 downpayment and may be eligible for sales incentives provided by HUD.’

Requirements:

• Find a HUD home at this site.
• Minimum middle credit score of 620
• Property must be your primary residence
• Product is available without restriction in the entire state of Georgia

Features:

• Borrower is only required to bring $100 to the transaction
• Borrower can finance up to 110% of the sales amount to include closing costs as well as minor repairs up to $5000.
• Max loan amount in the Atlanta Metro is $346,250 through the end of 2009
• Program is temporary and is subject to end at any time