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How can a I buy a hud house with zero down ?
Would like to know if there are any programs to help me with a hud home am in Stockbridge Jonesboro Georgia area
Asked By Victoria | Stockbridge, GA | 284 views | Buying | Updated 3 months ago
Answers(6)
Amanda Courtney
REP Realty Group
HUD homes can be purchased with FHA loans, but FHA typically requires 3.5% down. Zero-down options may include:
- VA loans (if eligible)
- USDA loans (if the HUD home is in a USDA-eligible rural area)
HUD itself does not offer zero-down loans, but you can pair HUD inventory with a zero-down loan program if you qualify.
- VA loans (if eligible)
- USDA loans (if the HUD home is in a USDA-eligible rural area)
HUD itself does not offer zero-down loans, but you can pair HUD inventory with a zero-down loan program if you qualify.
- 2 months ago
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Jaden Utter
Plum Tree
You usually can’t do true zero down. Closest option is FHA with HUD’s $100 down program on select homes, or pairing FHA with down payment assistance. HUD homes are sold as-is and have to meet condition requirements to qualify. Owner-occupants get priority.
- 2 months ago
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Edward Behr
Behr and Behr of The Platinum Group, Eealtors
Yes, it’s possible to buy a HUD home with little to no money out of pocket, but it helps to understand how the process actually works—especially if you’re buying outside your local area.
HUD homes themselves do not offer zero-down financing. HUD is simply the seller. Any “zero down” option comes from the loan program or assistance, not from HUD directly.
The most common path is FHA financing. FHA loans typically require a 3.5% down payment, but that down payment can often be covered by a gift from a family member or an approved down payment assistance program. When assistance covers the down payment and sometimes closing costs, buyers often refer to this as buying with zero down.
There are also state and local down payment assistance programs in many areas that can help with FHA purchases, including HUD homes. These programs are usually income-based and require the home to be your primary residence. Availability and requirements vary by location, so buyers need to confirm eligibility before submitting an offer.
Another thing to keep in mind is that HUD homes are sold as-is. FHA loans are allowed, but the property still has to meet FHA minimum standards. If repairs are needed, some buyers use an FHA 203(k) loan, which allows certain repair costs to be rolled into the mortgage. This option works, but it requires more paperwork and flexibility.
HUD also gives priority to owner-occupants before investors, which helps buyers who plan to live in the home. However, competition can still exist depending on the price point and condition of the property.
Bottom line: you usually can’t buy a HUD home with literally zero money involved, but many buyers are able to purchase HUD homes with no money of their own by combining FHA financing with down payment assistance or gift funds. The key is getting pre-approved with a lender who understands HUD properties and confirming available assistance programs before you bid.
HUD homes themselves do not offer zero-down financing. HUD is simply the seller. Any “zero down” option comes from the loan program or assistance, not from HUD directly.
The most common path is FHA financing. FHA loans typically require a 3.5% down payment, but that down payment can often be covered by a gift from a family member or an approved down payment assistance program. When assistance covers the down payment and sometimes closing costs, buyers often refer to this as buying with zero down.
There are also state and local down payment assistance programs in many areas that can help with FHA purchases, including HUD homes. These programs are usually income-based and require the home to be your primary residence. Availability and requirements vary by location, so buyers need to confirm eligibility before submitting an offer.
Another thing to keep in mind is that HUD homes are sold as-is. FHA loans are allowed, but the property still has to meet FHA minimum standards. If repairs are needed, some buyers use an FHA 203(k) loan, which allows certain repair costs to be rolled into the mortgage. This option works, but it requires more paperwork and flexibility.
HUD also gives priority to owner-occupants before investors, which helps buyers who plan to live in the home. However, competition can still exist depending on the price point and condition of the property.
Bottom line: you usually can’t buy a HUD home with literally zero money involved, but many buyers are able to purchase HUD homes with no money of their own by combining FHA financing with down payment assistance or gift funds. The key is getting pre-approved with a lender who understands HUD properties and confirming available assistance programs before you bid.
- 2 months ago
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Nicole Serviss
The Serviss Group with RE/MAX Elite
Yes, it can be possible to buy a HUD home with very little down payment, but you still have to meet the lender’s loan requirements and the specific HUD program you use. One option is the HUD $100 down program, which lets eligible buyers make a very small down payment on certain HUD-owned properties if they use an FHA loan and meet income and credit guidelines. You still have to finance the rest of the purchase price and pay closing costs, and the home is sold as-is, so you should be prepared for repairs and inspections.
In Georgia, there are also down payment assistance programs such as the Georgia Dream Homeownership Program, which can help with part of your down payment or closing costs through a low-interest or deferred loan if you qualify as a first-time homebuyer. You may find local programs in your county or city that offer additional help.
In Georgia, there are also down payment assistance programs such as the Georgia Dream Homeownership Program, which can help with part of your down payment or closing costs through a low-interest or deferred loan if you qualify as a first-time homebuyer. You may find local programs in your county or city that offer additional help.
- 1 month ago
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Jennifer Hupke
RE/MAX Forward
Might want to check with your state as well. Wisconsin has WHEDA (Wisconsin Housing & Economic Development) have zero down options
- 2 months ago
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Possibly. If a veteran is buying a home, they can get a VA loan which allows for no money down financing. Virginia has programs to help people with grants for their down payments. If Georgia has programs like that, that could be an option too. Your best bet is to connect with a lender and/or an agent who are well versed in the financing options in your area. Let me know if you have additional questions.
- 3 months ago
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