Buy a HUD home with only $100 down.

Yes, you really can buy a home with only $100 down!! You can buy a HUD home with only $100 down payment!! HUD will pay up to 3% in closing costs. Here is the catch, you have to buy it at full asking price. It would also be an FHA loan. There are some good HUD deals out there.

Here are just a few here in Utah County alone;

$115,000 Payson 3 bedroom, 1 bath 1,335 sq. ft. 2 Story

$127,000 Springville 2 bedroom, 1 bath 1,984 sq. ft. Split Level

$137,700 Eagle Mountain 3 bedroom, 2 bath 2,478 sq. ft. 2 Story

$155,000 Eagle Mountain 3 bedroom, 2 bath 2,522 sq. ft. Rambler


There are more out there. Call, email or text me if you would like a list of other HUD homes.

Sales Meeting

Every Tuesday, I will add highlights from my office sales meetings.

This week we had Wells Fargo in to our sales meeting they gave us new information on FHA loan program changes that will be taking place at the 1st of the new year.

At the 1st of the year in 2009 you will need 3.5% to put down on a new home, for an FHA loan.

There are new loan limits for FHA- They will reduce Utah County to $271,050, from $323,750. Which they put in to place just a year ago. They are treating Utah County as a rural county.

Can you believe it! Talk about dumb! This new loan limit needs to be changed. We can petition for the change in FHA loan limits, and have them revise the limit.

For more information on the new limits go to:
http://www.hud.gov/offices/hsg/sfh/lender/sfhmolin.cfm