FHA $100 DOWN PROGRAM 2025

See details

4.5 out of 5

36 votes

The FHA $100 Down Program is a purchase-money loan initiative for buyers of HUD REO properties, allowing them to secure a home with only a $100 down payment. It is available in specific geographic areas and requires a minimum credit score of 640. The program includes various loan products, terms, and conditions regarding loan-to-value ratios, appraisals, and occupancy requirements. Borrowers must occupy the property and cannot receive cash back at closing. The program aims to facilitate homeownership by reducing upfront costs for eligible individuals.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out FHA $100 DOWN PROGRAM with our platform

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open the FHA $100 Down Program document in the editor.
Begin by reviewing the credit requirements section. Ensure you meet the minimum FICO score of 640 as per FHA guidelines.
Fill in your personal information in the borrower’s section, ensuring that all details are accurate and complete.
In the loan amounts section, check your county's specific limits on loan amounts by visiting the HUD website linked in the document.
Complete the occupancy and property types sections, confirming that you are purchasing an owner-occupied single-family dwelling or approved condominium.
Calculate your maximum mortgage amount based on the sales price minus your $100 down payment. If applicable, include any repair escrow in this calculation.
Review all entries for accuracy before saving or exporting your completed form for submission.

Start using our platform today to effortlessly fill out your FHA $100 Down Program application for free!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Why is it so hard to get an FHA loan?

FHA mortgage loans require the home to meet minimum standards in order for the loan to be approved by your participating lender. There are some issues with the home that can make the lender think twice about approving the loan and there are some issues that leave the lender no choice but to deny the mortgage.

Is the FHA cash out legit?

Yes, FHA cash-out refi loans are legitimate ways to take out money from your home.

What is an FHA down payment?

FHA loans have lower credit and down payment requirements for qualified homebuyers. For instance, the minimum required down payment for an FHA loan is only 3.5% of the purchase price. The FHA mortgage calculator includes additional costs in the estimated monthly payment.

What is the FHA benefits program?

It helps homebuyers by insuring their loans so lenders can offer lower down payments and closing costs. FHA loans offer assistance to first-time homebuyers, seniors who partially or fully own their home, and those buying a manufactured or mobile home.

What is the $100 down FHA loan program?

What is the FHA $100 Down Program? This specialty FHA mortgage was created to remove some of the barriers to home ownership, and make it easier to purchase HUD homes. HUD homes are one to four unit properties owned by the US Department of Housing and Urban Development (HUD) through foreclosure.

What is the downside to an FHA loan?

With FHA loans, you also have to pay an upfront mortgage insurance fee. This can be financed, but it will cause your mortgage insurance payments to be more expensive than with a conventional mortgage. Inspection standards: To qualify as an FHA-eligible property, a home must go through a property standards inspection.

Is the FHA $100 down program legit?

The FHA HUD $100 Down Program lets owner-occupant buyers skip the typical 3.5% minimum down payment and put down just $100 instead. However, the program isnt available everywhere, so check what your state offers.

Is it hard to get an FHA 203k loan?

The 203k loans are really difficult. Youll need a contractor to submit what improvements they will do for the house and then the FHA appraiser has to confirm that those improvements will raise the value of the property. The loan takes a long time and doesnt really work in a competitive market.

FHA $100 DOWN PROGRAM 2025

Here's how it works