I have a client that has been looking in the under-100K price range in the Alexander School district of Douglasville. The new Down Payment Assistance Rule that came down from HUD today will help her be able to buy a HUD home without a substantial down payment. FHA announced today that Nehemiah was granted relief until April 2008 and AmeriDream until February 29,2008. This has opened up several more options for her, we saw four homes today and two had a lot of potential. Face it, any single family home you buy is typically going to need some sweat equity and these were no exceptions. A single mother of four, this determined woman is not afraid to get her hands dirty and is ready to make a real home for her family and quit paying rent. She has the ability to pay steady rent but not enough savings for a traditional 3-5% down payment.

The types of homes that she is looking at are also perfect homes for Douglasville area real estate investors. Keeping monthly rent amounts reasonable is one key to keeping them rented, so these sub-100K fixer-uppers are perfect for those long term investors ready to make some sweat equity and enjoy long term investment security.