Many buyers and even real estate brokers don't know about the different HUD programs available for buyers. Do you know you can purchase a HUD home for just $100 down and even be able to finance the needed repairs into your loan? Do you also know you can purchase a nice HUD home and only have to pay %50 of the sales price back depending on your occupation? Well, this is real and true! 
I have successfully helped many of buyers take advantage of these programs for years. When seeking for a real estate broker it's important to know if that broker is knowledgeable with the HUD programs and if his or her agency is HUD certified? HUD will only allow agencies that are certified with them to assist buyers with the process. That's why other agents/ brokers refer clients to me since I have been quite successful with it.
Ok, here is the nitty gritty with some of the programs:
$100 Down Program
- You have to be pre-qualified or pre-approved for an FHA loan.
- The homes have to be on the HUD foreclosure lists which comes out every Friday.
- If your offer price is greater than $50,000, your earnest money deposit will need to be $1,000 which you can get back at closing if closing cost are taken care of. - Buyers have to intend to live in the home 'Owner-Occupant'.
- And you can close within 45 days.
50% Off Current Appraised Value (Good Neighbor Next Door) Program
- The same as the $100 Down Program except...
+ Buyers have to be a full time Teachers, Firefighters, Emergency Medical Technicians or Law Enforcement Officers.
+ You can not participate if you have owned a residential real estate for 1 year prior to your submission.
+ You have to live in the house for 3 years.
For more information on these programs and others, you can contact me at Sam@NuemanRealEstate.com
For HUD foreclosure homes click on this link: http://www.nre4you.com/HUD_FORECLOSURES/page_2215182.html
Your Experienced Real Estate Broker
Sam Nueman
www.NRE4YOU.com