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What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

JUNE 28, 2021

Due to the nature of how a home becomes a “HUD home,” purchasing one differs from the traditional homebuying process, and there are a few qualifications, special incentives, and risks that any savvy homebuyer should be aware of. Get pre-qualified with a mortgage lender. Qualifying for a HUD home. Find a HUD-approved agent. No problem!

Pre-approval 94
Pre-approval Pre-qualification FHA loan Inspection 94
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

DECEMBER 29, 2022

A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection. Don’t you love it when the co-borrower is the client’s dad who comes along on the inspection and is suddenly an expert on chimney engineering? Home inspection. Pre-approval.

Purchase and sale agreement 98
Purchase and sale agreement Title Proof of funds Pre-approval 98
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