If you are looking to finance it, you'd want to contact a mortgage lender (or several) to go over what options you would have. With HUD homes you can purchase using the FHA loan program and not need to get an appraisal, or you can use other types of financing but then an appraisal is needed (not that it's a big deal, and it helps protect you from buying an overpriced home as well). FHA has a $100 down payment program when you purchase a HUD owned home, but I do not believe it is offered in Oklahoma at this time. Also with HUD homes often there could be repairs that are needed, and FHA has a special feature where those repairs can be financed into the loan amount into what is called a "repair escrow"... however it would be more difficult to do a repair escrow with conventional financing.
Since you have excellent credit, you are debt free, then it just should come down if your employment qualifies, income is sufficient for the home's price, as well as if you have the required down payment.
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