HUD Home Webinar
December 18th, 2015 2:00 pm - 3:00 pm
HUD Homes For First Time Buyers & FHA
For this webinar we will focus getting first time home buyers into HUD homes. Currently, HUD is focusing on owner occupants especially first time buyers. The U.S. Department of Housing and Urban Development (HUD) ends up owning many homes every year. For the most part, they end up in HUD inventories after their owners default on their mortgages. These include homes with mortgages insured by the Federal Housing Administration (FHA). Other federal agencies sometimes also transfer homes to the HUD inventory. Many first-time home buyers every year end up purchasing these HUD homes, sometimes at below-market prices. As long as you have the cash or can qualify for a loan, you can purchase a HUD home.
If your buying your first home, FHA might be just what you need. Your down payment can be as low as 3.5% of the purchase price. Available on 1-4 unit properties. FHA also has financing for mobile homes and factory-built housing. There are two loan products - one for those who own the land that the home is on and another for mobile homes that are - or will be - located in mobile home parks.
FHA loans have been helping people become homeowners since 1934. How do they do it? The Federal Housing Administration (FHA) - which is part of HUD - insures the loan, so your lender can offer you a better deal.
Have questions? Write them down and we will be happy to answer them for you!
Registration link: https://www3.gotomeeting.com/register/964739222