For all your Real Estate Needs!

HUD

BENEFITS OF BUYING A HUD HOME
 
o   Up to 3% closing costs
 
o   Escrow fees paid by HUD
  
o   FHA appraisal already done and good for four  months
 
o   FHA as-is appraisal prices the home
 
o   Owner-occupant priority bidding (no investors can bid for 30 days)
 
o   Condo or townhome does not need project approval
 
o   Earnest Money Deposit (EMD) - $500 - $1000
 
o   If FHA lending used, termite and treatment is paid
 
o   FHA 203K program (owner-occupant rehab loan) available on some homes
 
o   Quick response to bids after 10 days