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

HomeLight

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. No problem! Cons of buying a HUD home.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Jumbo loans generally require stricter qualifications, higher credit scores, and higher income and/or cash reserves. How to Become a Luxury Real Estate Agent—10 Easy Ways to Break Into the Luxury Market. Loan officer. Pre-approval. Prequalification is the very first step in the mortgage loan process.