HUD REO Loans

HUD REO Loans

FHA offers $100 down financing and a "Good Neighbor Next Door" program for HUD owned properties.  Both of these loans can be combined with the FHA 203K or FHA 203K Streamline loan for property rehabilitation.

FHA loans are an attractive option, especially for first-time homeowners:

  • Lower down payment requirements.
  • 100% Gift allowed for down payment from relative.
  • Higher debt to income allowances.
  • Less than perfect credit.
  • Seller may usually pay all closing costs.
  • Non occupying Co Borrwers (family members)
  • Cannot exceed statutory loan limits.

Learn more about FHA loans. (Department of Housing and Urban Development)


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Licensing

NMLS #244499
Company NMLS #231635
nmlsconsumeraccess.org

Equal Housing Lender

Contact Us

ABC Mortgage Company
1240 21st Avenue North
Suite 102
Myrtle Beach, SC 29577
(843) 839-2430