Yes, that's right, some HUD homes (HUD stands for U.S. Department of Housing and Urban Development) are being sold for as little as $100 down! While negotiating the contract for the home, HUD will give you a certificate for you to present to your lender to proceed with the financing.

So what is a HUD home? A HUD home is one that has been foreclosed upon by the government because it was financed using a Federal Housing Administration loan (commonly known as an "FHA loan").

Who can by a HUD home? Anyone who has cash or the ability to qualify for a home loan.

How can you buy a HUD home? There are websites that list HUD homes for sale and you can check out one of them on the HUD website by clicking here!

For more information, please visit the Department of Housing and Urban Development online - click here for the specific page "How to Buy HUD Homes."

And if you see a HUD home you are considering purchasing, or for more information about buying a home with a $100 downpayment, please call the zac team at 404.564.7200!