HUD Expands the $100 Down Program to More States

Wednesday, November 2, 2011 - Article by: Ron Pippin - The Pippin Team @ Citywide Home Loans -

In an effort for the government to unload more of their foreclosed properties, the Department of Housing and Urban Development has expanded their $100 down program to more states.

Here is how the program works:

When buying a home that has been foreclosed from HUD , you can get that home for $100 down. There are a few restrictions:

1 - It must be a HUD home (an FHA foreclosed property)
2 - You must be buying for your primary residence (no investors)
3 - You must make a full price offer
4 - You must specify that you will be using the $100 down program

Of course, there are still other no down options in case this one doesn't work for you but it's a great program that isn't tied to government grants, limited to specific areas or first time homebuyers.

According to HUD, there are now 27 states where this program is available:

1. Alabama
2. Arkansas
3. Colorado
4. Florida
5. Georgia
6. Iowa
7. Kansas
8. Kentucky
9. Illinois
10. Indiana
11. Louisiana
12. Mississippi
13. Missouri
14. Minnesota
15. Montana
16. Nebraska
17. North Carolina
18. New Mexico
19. North Dakota
20. Oklahoma
21. South Carolina
22. South Dakota
23. Tennessee
24. Texas
25. Wisconsin
26. Wyoming
27. Utah