If I understand your question correctly, you are looking at purchasing a HUD home as an investment property. If this is correct, you will need a minimum of 20 % down if you own less than 5 financed properties. If you own 5 or more properties that are financed, you will need a minimum of 25% down.
The 3.5% FHA & 3% HomePath down payments mentioned below are only for a purchase of a Primary Residence, not for an Investment Property. You can, however, buy a HomePath home as an investment with only 10% down.
Please feel free to contact me if you have any further questions, I'd be glad to help.
All the best,
Roswell Moore, CMPS
Certified Mortgage Planner
We are a Direct Lender, Mortgage Bank where we originate, process, underwrite, fund, AND SERVICE our loans, in-house, with FHA (starting at a 580 score AND still only 3.5% down), FHA Streamline loans (no minimum credit score, no appraisal required) Go Green rehab loans, HomePath, Investor Friendly (10 financed properties), VA, USDA, Jumbo, Conventional, plus, we allow Escrow HoldBacks!
NMLS ID 263779 | AZ BK 359295