Free guide, PDF, 14 pages
$100 Down: The HUD Home Financing Guide
How Colorado buyers get into a HUD home with about $1,000 out of pocket: the $100 down rule, FHA, the repair escrow, 203(k), CHFA, and HUD paying your closing costs. Fourteen pages, worked numbers. Free, instant, PDF.
Call or text 303-955-4220 and a live person answers. Not a robot, not a phone tree.
$100 down, decoded
Which listings carry it, who qualifies, and what it does to your payment on a $350,000 home.
IN, IE, UI and your loan
The one-page map of which loans close on which listing, and the mistake that loses houses.
About $1,000 out of pocket
$100 down, CHFA, and HUD closing-cost help, worked three ways on a real Westminster home.
203(k) and the repair escrow
Limited 203(k) to $75,000, how the escrow works, what the FHA appraiser will flag.
What is in the $100 Down Financing Guide
- The $100 down rule and the listings it works on (and the bid price it expects)
- FHA on a HUD home: down payment, credit, mortgage insurance, and why the appraisal is less risky
- IN, IE, UI, UK: matching the loan to the code so you never win a bid you cannot close
- The repair escrow on an IE home: 110%, 90 days, what is on a typical Colorado list
- 203(k) Limited versus Standard, timelines, and the catches
- CHFA and the local programs that stack on a HUD purchase
- HUD paying up to 3% of closing costs, when to ask, and the raise-the-price trick
- VA, conventional and cash; rates and the real monthly number; the pre-approval checklist
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What you miss without it
- You bring $20,000 to closing that you did not have to. $100 down plus CHFA plus HUD help is real on the right listing. Most lenders never mention it.
- You pre-approve for the wrong loan. Standard FHA on a UI home. Won the bid, lost the house at the appraisal.
- You ask HUD for closing help and lose the bid. Or you skip it on a home that had sat for 30 days and leave $10,000 on the table.
- The furnace comes out of your savings. A 203(k) or an escrow would have put it in the loan at a mortgage rate.
Who it is for
Buyers with income and decent credit but not a big savings account, and anyone looking at a HUD home that needs work.
Who wrote it
The Kenna Real Estate Group at Keller Williams DTC, a HUD-registered Centennial group led by Brian Lee Burke, with lender input from Mike Oswald at Rate. We regularly bid on HUD homes and built this site so every HUD home in Colorado is on one page with the facts a buyer needs. Sources are listed in the guide.
The other three free guides
Free PDF, 18 pages
The Colorado HUD Home Buyer’s Playbook
- Lottery, exclusive and extended periods, and exactly when HUD opens bids (including the weekend rule)
- IN, IE, UI and UK, and which loan closes on each
- The net-to-HUD math with a worked example, and when to ask HUD for closing-cost help
Free PDF, 7 pages
Good Neighbor Next Door: The 50% Off Guide
- How the program works, step by step, with a worked Aurora example
- HUD’s exact job definitions and the other rules (no current home, one per lifetime, serving the area)
- Where the eligible homes have historically come up in Colorado, and how to watch for them
Free PDF, 8 pages
The Colorado Teacher’s Guide to Buying a HUD Home
- Every rule of CHFA Schools To Home in one table: who, how much, income, credit, the loan, the classes
- The shared-appreciation math (your percentage minus five) with a worked six-year example
- What changes when you use it on a HUD home: the listing code, the appraisal, the deadline
Where to go next
- How to buy a HUD home, step by step
- Every HUD home in Colorado, refreshed twice a day
- Financing a HUD home: IN, IE, UI and which loan fits
- Good Neighbor Next Door in Colorado
- Get pre-approved with Mike Oswald at Rate
- Find a HUD-registered agent
- HUD home FAQs
- Search HUD listings on kennarealestate.com
Written and reviewed by
Brian Lee Burke, Colorado HUD home specialist and team leader
Licensed Colorado real estate professional since 2002 · REALTOR® · Team leader and licensed broker of the Kenna Real Estate Group at Keller Williams DTC, a group that regularly bids on HUD homes through Keller Williams Realty DTC, LLC, a HUD-registered brokerage · Author of The Real Estate Playbook and Mastering Real Estate. Brian’s full HUD biography.
Last reviewed: September 20, 2026 · Sources: HUD Home Store and HUD Handbook 4000.1, CHFA program guidelines, metroDPA program guidelines, Freddie Mac PMMS, and the county programs named on the page.
Lending content reviewed by Mike Oswald, VP of Mortgage Lending at Rate, NMLS 261003.
Program facts change. Eligibility varies by buyer and property; lender approval is required; program funding can run out; buyers may use any qualified lender; the Kenna Real Estate Group does not control HUD, CHFA or lender decisions. Verify the current terms with the program and your lender before you rely on them.
Contact: call or text 303-955-4220 or homes@kennarealestate.com. During office hours you reach a live local Kenna real estate professional, not a robot or a national call center. Brokerage: Keller Williams Realty DTC, LLC (the Kenna Real Estate Group is a group of brokers there), 6300 S Syracuse Way, Suite 150, Centennial, CO 80111. Each Keller Williams office is independently owned and operated. The Kenna Real Estate Group is an independent real estate team and is not affiliated with or endorsed by HUD or any government agency; official property information comes from HUD Home Store. Equal Housing Opportunity.
Find every home available, not just HUD homes
Advanced home search: every listing on the Colorado MLS, with the full filters, on kennarealestate.com.
Opens kennarealestate.com, the Kenna Real Estate Group’s full MLS search. HUD homes only? Use the tiles and the map on this site.
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