Coweta Fayette Real Estate & Newnan Homes for sale blog by Richard Weisser of Better Homes and Gardens Real Estate Metro Brokers

For qualified buyers it is still possible to buy a Coweta County HUD home for sale for only $100 down.

Newnan HUD homes can be purchased with a little as $100 down.One of the advantages of purchasing a Coweta County HUD home for sale is that many buyers qualify for a down payment as low as $100.

You must be buying as an owner-occupant, and you must be able to qualify for an FHA loan for the amount of the bid, plus any rolled in expensed such as the 2.25% up-front mortgage premium.

The one caveat that buyers need to be aware of is that a $500 earnest money deposit is required for bids up to $50,000 and $1,000 for houses over $50,000.  This deposit will be applied as a credit towards the $100 down payment and any closing costs that are not paid by HUD.

For more information contact a Realtor that is experienced in HUD sales!

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All content, including text, original art, photographs and images, is the exclusive property of Coweta Fayette Real Estate, Inc., and may not be used without the expressed written permission of Coweta Fayette Real Estate Better Homes and Gardens Metro Brokers, Newnan Georgia. All information is believed to be accurate but is not warranted, Copyright 2003-2009. Richard Weisser REOS, E-Pro. licensed Auctioneer. 770-827-6225.
Learn more about Coweta County and Fayette County Georgia Real Estate, and to search the entire Georgia MLS for free with no registration required. Visit CowetaFayetteRealEstate.com! Photos of the Great Smoky Mountains National Park. North Georgia Photos.

 

North Georgia Photos

4 comments • Richard Weisser • May 30 2010 10:07PM
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A lot of my recent posts have dealt with the topic of today’s real estate market and how tough it is to get a transaction to the closing table. We work so hard, and few realize just how much behind-the-scenes work is necessary each and… more