HUD Offers $100 Down Payment Program in Specified States

The Department of Housing and Urban Development (HUD) has announced that they are offering a program that allows potential homebuyers to make a $100 down payment on a HUD-owned REO property. This program is only eligible in certain states across the nation, including Wyoming and Montana. Homebuyers must be owner occupants to qualify and are required to use financing insured by the Federal Housing Administration (FHA). The program also applies to homebuyers seeking an FHA 203k loan.

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