A low down payment opportunity that has been flying under the radar lately is the growing inventory of HUD homes. Owner occupants can, in most cases, purchase homes for only $100 down and HUD will help out with closing costs. One of the few low down payment programs available close in and a nice alternative to USDA financing.
Although HUD properties might have the reputation of being in very poor condition, many are actually very nice homes. And, the HUD sets up the bidding, owner-occupants have certain advantages over investor buyers.