What are $100 down properties?
While searching homes for sale in the Charlotte area, you might have come across advertisements that mentioned $100 down properties for sale. What are $100 down properties? $100 down properties are HUD homes. HUD homes can be purchased with only $100 down ($100 down payment) if a buyer uses a FHA-insured loan to finance the property. To qualify for this incentive from HUD (not available in all states, but currently offered in North Carolina), a qualified home buyer must not have owned a HUD home in the past two years, must occupy the property as his/her primary residence for at least one year (owner-occupant) and must offer full asking price for the home. HUD will also contribute up to 3% of the purchase price towards the buyer’s closing costs if requested at the time of offer.
Charlotte HUD homes for sale
Below is a full list of HUD homes for sale in the Charlotte area. All listings are updated daily. We are HUD approved brokers and can help you with the purchase of a HUD home. Please note that you cannot purchase a HUD home without the assistance of a HUD approved broker. Don’t hesitate to contact us if you have questions about HUD homes or if you would like to schedule an appointment to go see a HUD home you are considering buying.
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