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$500 Down Payment
You can buy a HUD owned home with only a $500 down payment. Plus, request up to 3% towards buyer closing costs. More Info

 


Leigh-Jo Anzures - (505) 730-8181
Leigh-Jo Anzures
Rio Rancho Realtor

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$500 Down Payment Program

 

HUD (The department of Housing and Urban Development) announced a $500 down payment program for home buyers who use FHA financing.

 

Yes, you read correctly, you can buy a HUD home with only a $500 down, but you'll have to act fast because, it's only for a limited time.

$100 Down Payment Program

 

What is a HUD home?

When a home that is backed by an FHA insured loan ends in foreclosure, HUD acquires the property as the new owner.  HUD then places the home on the market in effort to recoup losses incurred via the foreclosure claim.

 

Who can buy a HUD home?

HUD homes can be purchased by owner-occupants or investors.  However, to take advantage of the $500 down payment program, one of the requirements is that you have to be an owner-occupant.

 

What other incentives are available on HUD homes?

There are many perks to buying a HUD home.  First, you can request up to 3% towards buyer closing costs.  Second, the home has already been appraised and has had a termite inspection.  This is a closing costs savings of approximately $500+.  Then, the homes include a Property Condition Report.  Finally, you can close and move in to the home in approximately 30-45 days.

 

How can I qualify to buy a HUD home?

Qualifying to buy a HUD home is easier than you may think.  It does not require a high credit score and one of the criteria is to simply to be an owner-occupant.  Many home buyers can qualify.  To discover if you qualify to buy a HUD home, call/text us at (505) 730-8181 or e-mail us today.

 

Questions?

Feel free to call/text us at (505) 730-8181 or e-mail us with questions regarding HUD homes.  Remember, there is no cost to you for our assistance.  HUD pays for our services, so take advantage of side-by-side assistance with locating a HUD home, obtaining all available benefits and contract negotiations.

 

 
 

Rio Rancho Neighborhoods

 

Cabezon Communities:
      Corazon
      Toscana
      Rancho Oro
      Rancho Plata
      Astante
      Arbolera del Este
      Yucatan
      Yucatan del Estante
      Las Brisas

Rio Rancho Estates
Northern Meadows
Enchanted Hills
Loma Colorado
High Resort
Cedar Hills
Star Heights
Valley Ridge
Sugar Ridge
Diamond Ridge
Mariposa
North Hills
River's Edge I
River's Edge II
River's Edge III
High Range
Panorama Heights
Los Milagros
Western Hills
Southern Park
Sabana Grande
Corrales North
Loma Encantadas
Vista Entrada
Mountain Hawk Estates
Chaco Ridge
Hawksite
Mirador del Sol
Camino Crossing
Vista Hills
Esplanade

Greystone Ridge
Fairways Condos
Star Villa

The Islands
Renaissance Townhomes
Chamisa Greens
Los Pinons
Sierra Norte
Cielo Norte

Corrales Heights
Sara's Meadow
Desert Ridge
Country Club Hills
Sagecrest
Rolling Hills
Greystone Pointe
Arrowhead Ridge
Holiday Park
Trinity Estates
 
 
 

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