eLEND · verified 2026-08-05
FHA $100 Down: down payment help, plainly
FHA $100 Down from eLEND provides 3.5% down -> $100 toward a home purchase, never repaid. ClosingReady can close it.
The facts
| Structure | Reduced down payment — less cash required, nothing granted |
| Amount | 3.5% down -> $100 |
| Minimum credit | Not published — verify |
| Income cap | None published |
| Purchase price cap | None |
| Loan cap | None |
| Geography | HUD Homestore inventory only — eligibility attaches to the listing, not the buyer |
| First-time buyer required | No |
| Homebuyer education | Not required |
| Loan products | FHA 203(b), FHA 203(k), FHA 203(b) Repair Escrow |
Who this is for
- Purchase a HUD-owned home whose listing designates the $100 Down incentive; owner-occupy as primary residence
What to watch
- Purchase only — no refinance path.
- Stacks with 203(k)/repair escrow, so purchase AND renovation can be financed with $100 down on a foreclosure needing work.
- Eligible inventory churns weekly on HUD Homestore — any page listing homes must be generated from the current feed, never written statically.
Not yet confirmed against the issuer's own material:
- Full-list-price offer requirement and 580 FICO floor (reported in third-party summaries; confirm against HUD ML 11-19 before publishing)
- Whether the incentive is currently active in Michigan's HUD contract area
Source: eLEND's published program page · last verified 2026-08-05. Program terms change without notice; confirm current terms before writing an offer around them.
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Common questions
How much does FHA $100 Down provide?
3.5% down -> $100 — a maximum, not a quote; the exact figure depends on your price, loan and profile. Structure: reduced down payment — less cash required, nothing granted.
Do I have to repay FHA $100 Down?
No. Reduced down payment — less cash required, nothing granted.
Who qualifies for FHA $100 Down?
Purchase a HUD-owned home whose listing designates the $100 Down incentive; owner-occupy as primary residence.