Non-Owner Occupied FHA Loans,$100 Down

Financing, Hard Money Lenders, Private Money
1

I was investigating Non-Owner Occupied FHA Loans online and came across this:

http://www.sellingtucsonrealestate.com/blog/no-money-down-fha-loan-for-investors-its-actually-a-100-down-loan-tucson-investment-real-estate-financing-for-no-money-down/

I searched around the HUD site and could not find any information on this program. Has anyone heard of this? Or, is this guy just blowing smoke?

2

Loans for homes on HomePath.com which is FHA required 10% down for investors

3

It looks to be a HUD program. You have to look through the HUD website for properties that offer the program. Only certain houses make it all the way to the point that an investor can buy them. Especially at $100. HUD houses usually start out with bidding only allowed by owner/occupants. If it does not sell and does not sell then they drop to owner occupants with $100 down. Then they may take it off the market for awhile or open it to investors and then finally to investors for $100 down.

4

Thank you yrush 200 and christopher. I will have to look into these a little more to see if these are viable options.