Benefits of using HUD Program for Buying a Home in Charlotte

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Benefits of using HUD Program for Buying a Home in Charlotte

The $100 down payment HUD program in Charlotte and surrounding areas allows people to buy homes in which they plan to live, using an FHA loan, as long as they offer HUD the full amount at which the home is listed. Using the HUD $100 dollar program has great benefits including seller paid closing costs up to 3% and a FREE appraisal. You will not have to come to closing with any more than the $100 if you get them to cover all your closing costs the right agent can make this happen.

HUD homes eligible for the $100 down payment program have all been foreclosed upon by their lenders; the loans involved in the foreclosure were FHA-insured. Other foreclosures on which the loans were not insured by the FHA do not become HUD homes and are not eligible for the $100 down payment program.

There is one catch, finding the right house. As you can imagine finding the right HUD foreclosures in the right neighborhood at the right time can be tough. However, if you get lucky and you can qualify for a FHA loan; you may be a new home owner with only one Benjamin out of your pocket; not a bad way to get into your new home.

Call Henderson Properties 704-544-0253. We are approved by HUD to represent you and would love to help you find a great home at a great price!

Shelly Henderson
Shelly Henderson
Shelly calls herself a “Charlottean” because her family has been there since her elementary school days. She serves as Henderson Properties’ co-founder, along with her husband Phil, managing the day-to-day operations, social media branding and leadership development. Her different life experiences, both positive and challenging, earned the title to her first book Starting From Scratch. Shelly has a servant’s heart and leads her company with purpose and passion. She is mom to two sons who continue as young adults to make her heart swell.