HouseLogic Articles

Tuesday, March 25, 2008


March 7, 2008 – $100 HUD Repo Program Now Available in Kansas and Missouri
The FHA HUD Repo Program which allows the borrower to make only a $100 downpayment when purchasing a HUD repossessed home has now expanded to include Kansas and Missouri. Borrowers are only required to make a $100 downpayment instead of the normally required 3% investment. In certain cases the borrower and perhaps even the selling real estate agent may be eligible for additional incentives. The $100 HUD Repo program allows for a maximum LTV up to 110% in order to finance closing costs and prepaid expenses above 100%.
FHA continues to provide highly competitive interest rates and mortgage insurance premiums for borrowers who have had credit challenges in the past as well as for those that have not.