If you buy a HUD home which is a home that was foreclosed that had a FHA loan and you then do FHA financing then you can buy the HUD home with a down payment of only $100. Now that is a deal!
Only approved lenders can write Rural Housing loans, so check with your lender to see if they provide this loan product. Any home in Box Elder County qualifies for the program.
I am a mortgage broker. If I can be of service, please let me know!
877-238-6324 Ext 704
I have a few properties that are Flagstar-owned REOs and you can obtain 100% financing on each of them. I know that they are specific properties (6 of them in Salt Lake County) but you are more than welcome to their addresses and prices if you'd like.
Let me know if I can help.
Apply Online: flagstarloans.com/lallison
Call me if you want more information.