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

HomeLight

Yet interested buyers can still purchase uninsurable houses if they pay with cash or can get some form of loan on it (depending on the condition of the home, traditional mortgage financing could be tricky, but there could be alternatives. Talk to your agent and a licensed loan officer to explore your options).

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

The Close

Loan officer. A loan officer is a licensed official with a financial institution who is responsible for helping borrowers understand the mortgage process, choose a loan, apply for and receive it, and communicate with other transaction stakeholders. How to Get a Real Estate License in 5 Simple Steps.