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FHA HUD REO $100 Down

The FHA $100 down program allows the borrower to purchase a HUD REO property with FHA-insured financing and a minimum down payment of $100. Basically, a HUD home is a home that was foreclosed upon and previously had an FHA-insured mortgage. It’s not uncommon for foreclosed properties to need repairs and this program can be combined with the FHA 203K or the FHA 203B repair escrow loans.