HUD Homes Masterclass — Buy a House for $100 Down

HUD Homes are foreclosed homes offered by the Department of Housing and Urban Development, and managed by the FHA (Federal Housing Administration). While HUD is responsible for a wide range of housing-related programs, including public housing, community development, and fair housing, among others, the FHA is focused specifically on making homeownership more accessible to a broader range of borrowers.

HUD homes are homes that were once financed with an FHA Loan, but have since foreclosed. HUD auctions those homes off, and as an incentive to purchase these homes (sometimes they need a little elbow grease to move in), HUD offers a $100 down payment. You read that right– $100 down.