HUD Articles

Selecting the right financing type.  

It isnt enough to just get pre approved when you are ready to begin the buying process.  Different property conditions require different types of loans.

If you are looking for a home that doesnt need any work, then consider FHA financing or a conventional loan.

If the property needs a modest amount of work, you can explore fha203k streamline financing.

For properties that need a lot of work, like a new roof, new mechanicals, and updating, you can try FHA K or a conventional rehab loan.  The loans that are used for these types of homes are more expensive, but when the repairs are done, then the loans are usually refinanced.

The best thing you can do as a buyer is to find the right loan officer.  Get someone you feel comfortable working with, and someone with some experience to get the job done