USDA Renovation Loan
The USDA Renovation loan has all the same great benefits as the USDA Rural Housing program loan and allows you to wrap your renovation costs into the mortgage.
- No down payment option
- Finance renovation costs into your mortgage for one monthly payment
- Great way to handle any appraiser required repairs
- Available to low and moderate-income rural households
- Income and geographical limits apply
Check Property Eligibility Learn More Renovation Loan Process
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HUD Home Financing Options
Understanding HUD Home Financing Options: A Comprehensive Guide
Buying a home is an exhilarating yet intricate process. For many, the dream of homeownership can seem daunting due to financial constraints. However, the U.S. Department of Housing and Urban Development (HUD) offers various financing options designed to assist individuals in purchasing HUD-owned homes, making the dream of owning a home more achievable. It is important to have a lender that is up to the challenge of navigating HUD home financing.
These properties are foreclosed homes. The previous owner had taken out an FHA mortgage and didn’t make the payments. Subsequently, these homes were foreclosed on. Often, these homes require repairs, and the utilities can’t be turned on. Frankly, HUD (the seller) doesn’t care – the properties are sold as-is, and HUD will not make any repairs to the home. That’s where things can get hairy if the lender is not equipped to navigate the process.
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