Are HUD Homes a Good Deal? How to Tell If the Properties Are a Fit
HomeLight
SEPTEMBER 30, 2020
The name comes from the US Department of Housing and Urban Development (HUD). HUD will also take care of some of the closing costs, up to 3% of the home’s purchase price. These loans usually take longer to close (60-plus days) as you’ll need to get bids from a contractor and process more paperwork. What is a HUD home?
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