The government is currently running a $100 down payment incentive on HUD homes for sale in Wyoming. In order to qualify you must bid as an owner-occupant, pay the full starting bid price, and use FHA-insured financing. When putting together your bid, make sure $100 is entered as the down payment amount. Note that if you bid above the appraised value of the property, you can still have a $100 down payment but you will be required to pay the difference between the appraised value and your bid amount at closing.

Before you bid on a HUD property, you need to meet certain qualifications. Most importantly, you’ll need a pre-qualification or pre-approval letter from your lender and an earnest money deposit (usually between $500 and $1000). Yes, you read that right: you’ll need to get a certified check for the earnest money before bidding.

To learn more about preparing to buy, check out this article: How to Qualify for Purchasing HUD Repos.