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Nic Netherton

$100 Down Payment Program on HUD homes now back in Colorado

Wednesday, October 26, 2011 - Article by: Nic Netherton - Cornerstone Mortgage Company - Message

100 FHA Down Payment Incentive Now Available in Colorado on HUD homes.-Available to owner occupant home buyers utilizing FHA insured financing.-No appraisal cost involved as HUD has already conducted one to arrive upon sales price.-Seller (HUD) generally agrees to pay 3% for buyer's closing costs and prepaid escrow items.-Bidding on HUD homes is only open to owner occupants for initial offering period.This is a great program available to potential Colorado home buyers looking for great deals on foreclosures who may not have the thousands of dollars needed for down payment on traditional loan programs used to buy foreclosures in Colorado.Contact me for further information or a free initial consultation and prequalifcation at [email protected] Thanks,Nic NethertonMortgage Loan OfficerCornerstone Mortgage CompanyFort Collins, CO 80525970-590-5021 (C)NMLS #283250License#1000023743

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