June 3rd, 2017 11:18 AM by Chris Hernandez
****HUGE ANNOUNCEMENT****
If you want to be a homeowner but don't have the down payment, Please Read This!Just today HUD has announced that they will be allowing people to buy HUD homes (FHA foreclosed homes) for just $100 down, from today (June 1rst) till the end of the month (June 30th) for national homeowners appreciation month. This is not for investors.
You still have to qualify for an FHA mortgage; you just don't need to have the 3.5% down payment that FHA requires. All you need is $100 bucks in the bank! And let it be known that I (a mortgage banker) can go down to a 580 FICO credit score on FHA loans!
NO....this isn't a First-Time Homebuyer grant backed mortgage loan!NO....this isn't any harder to qualify for than your normal FHA loan!NO....you don't have to pay anything back if you decide to sell or refinance within the next 5 years!NO....you won’t have a second lien (mortgage) on your home!
This opens up so my doors if you’re strapped for cash on your down payment and don’t want to deal with those pesky First-Time Homebuyer grant backed loans. If you want to find a HUD home, you can find them here at https://www.hudhomestore.com. If you want to speak to a Realtor, call or text me I’ll refer one to you and get you out looking.If you have any questions please feel free to comment below or reach out to me @ 816-916-7723 by phone or text. You can also email me @ chris@communitymortgagellc.com.
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