Help Buying A Hud Home -

You submit a bid on a HUD home yourself; you must work with a real estate agent who is registered with HUD and has an active NAID (Name and Address Identification) number.

Search for approved professionals using the HUD Home Store Broker Search. help buying a hud home

Before you can even bid, you must have a mortgage pre-approval letter or proof of cash funds. HUD requires this to ensure you are a serious buyer. You submit a bid on a HUD home

: Specifically for "fixer-uppers," these allow you to finance both the purchase and the cost of repairs into one loan. HUD requires this to ensure you are a serious buyer

: Common for HUD homes due to low down payments (as low as 3.5%).

: These are also accepted if you meet their specific eligibility criteria. 2. Find a HUD-Registered Agent