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$100 DOWNPAYMENT

Posted on March 21, 2008 by Ray Williams (NMLS #216267).

For those of you wanting to take advantage of the low home prices, and purchase a home – HUD has a special offering. Purchase a HUD home using an FHA loan and your downpayment is reduced to $100.  This is a special offer for HUD homes in Colorado. HUD homes are simply FHA foreclosures, there […] …read more

FHA Downpayment Assistance Changes

Posted on October 10, 2007 by Ray Williams (NMLS #216267).

HUD announced changes in what sources they will allow borrowers to use for downpayment funds. FHA loans require up to a 3% downpayment – it varies based on location, purchase price and whether or not the funds are ‘gift funds’.  This change that was just announced eliminates the ‘seller assisted’ downpayment programs – basically non-profits […] …read more