There are other ways for foreclosures...
VA - VA Vendee Financing - Looks and smells like a VA loan, but with a slightly higher interest rate... not much... but it's a zero down program
HUD - A lot of HUD homes are offered with a $100 move in.. If FHA Insurable, the home can be financed with 3.5% down if the move in special does not apply.
Bank Owned - Some banks will offer special financing on some of their REO foreclosures, but that is usually on the higher end luxury side.
Fannie Mae Homepath - Great loan with as little as 3% down, and they even offer a Homepath Renovation loan to help you fix it up.
I seem to do a TON of foreclosures... so the good news is.. I can walk you through all of that...
Best lender to start with: http://www.DHIMortgage.com/Kasey-Hampton - she has every program under the son and the lowest interest rates you will find anywhere.
Take the listings you see on RealtyTrac with a grain of salt. The vast majority of the homes listed are not even for sale, and when they are, they are nowhere NEAR the price they have listed. They are the ultimate TEASE..
This home is not currently for sale.
But.. to save you some time... Here are all the foreclosures currently for sale at $100K or less:
There are 80 of them currently for sale in all areas as of this writing... if you like any of them... we need to go see them ASAP!! They sell fast as all get out in this price range...
Jason C Campbell
Platinum Top 50 Finalist
Option One Real Estate
Then contact me to start the process, or if you want, first let's obtain a pre approval from one of the many lenders I know.
Jose L. Novelo
Royce Simmonds, Broker-Owner
Simmonds Real Estate Inc.
36 Years Air Force Service (15 Enlisted/21 Officer)
I can help you find a house in your price range if you would like.