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Steps To Purchasing A HUD Home

September 13, 2021

 

Thinking of purchasing a HUD Home?  Here are a few key steps to get you started.

  1. Get a mortgage pre-approval if you are financing the home.  Speak to your local bank or mortgage broker and let them know you would like to purchase a HUD Home, they will let you know what the best type of loan is best for your mortgage needs.  If you are paying cash, print a proof of funds statement. Your agent will need the pre-approval or POF in order to place a bid for you.
  2. Once you know your spending “limit” you can start looking for the HUD home that is right for you.  You can search on the HUDHomestore.com or contact a local real estate agent and have them run a search for you.
  3. You can then have the real estate agent show you the HUD Home.  If you like the home, that agent can place a bid on the HUDHomestore.com for you.

 

Evduza Ramaj - Inside Realty 


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