K.M. Minemier & Associates is a certified Woman Owned Small Business (WOSB) engaged in full service real estate asset management and marketing.

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HUD FHA 203b with repair escrow

September 26, 2020

The HUD REO FHA203B escrow repair financing availability is for all HUD foreclosures for owner occupants with repairs $10,000 or below. This loan is designed to be able to obtain a HUD foreclosure with minimal down payment. The minimum down payment in most states required for the HUD FHA 203B escrow repair loan is only $100 and you can also have HUD pay up to 3% of your closing costs. Any deferred maintenance required by the appraiser and/or HUD, on a predetermined minimum property requirements form can be financed into your loan and be completed after closing. This loan is excellent for people with minimum down payment funds and marginal credit scores as well.


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