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Properties acquired by HUD are homes and multifamily properties made available below market prices, but sold on a AS IS, WHERE IS basis. What this means is that for a family seeking to purchase a home, by utilizing the incentives HUD offers, can realize a significant savings in costs associated with a traditional home purchase, from overall price to closing costs assistance from HUD. As an example, a buyer moving into a $80,000 HUD home with FHA, 97% financing, can expect to need $2400 in down payment and approximately $1500 in closing costs. By comparison, a $80,000 home purchased through the MLS would pay the same $2400 down payment plus approximately $3800 in closing costs.
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Click On The Picture To Search for HUD Homes |
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