Page 11 - sacgovhomes spring 2017

HOW DO I QUALIFY FOR HUD?

FINDING THE HUD HOME OF YOUR DREAMS IS JUST THE FIRST STEP. BE

PREPARED WHEN IT COMES TIME TO WRITE AN OFFER!

By David Habedank lending, such as your bank, or an officer to work with, they will

you can ask a real estate agent then ask you for a lot, I mean a
"You may ask, “How do I in your community.But if you lot of fi nancial information, such
find a lender that knows don’t have either one of those as, three months’ worth of bank
the HUD processes?” avenues to choose from, you can statements, paystubs, W-2,
Well you’re in luck, always go to the HUD website at investment documentation, the
last 2 years of taxes and your
www.HUDHomestore.com and
because I will tell you." contact a listing agent that you’ll first born child, just kidding. The
Qualifying for a HUD Home is find on the tab at a HUD loan offi cer will go over all of
simple, easy, and just like property landing page. There are your financial information and
qualifying for any type of home. tabs on the property page with let you know how much house
First and foremost you must find information about the home, you can comfortably afford.
a lender that is familiar with addendums, disclosures, map, They will run your credit report
HUD Homes and their and agent contact info. The so please make sure that you’ve
processes. You may ask, “How Broker listed on the property kept current on your bills, as it
do I find a lender that knows the site will have a few names for will allow you to get a better
HUD processes?” Well you’re in you that have successfully interest rate for your loan. If
luck, because I will tell you. First loaned on HUD Homes. you’d like more information on
you can check with someone the rest of the process; contact
that you may know that does Once you have decided on a lo- my office for a free booklet.