Are HUD Homes in your future?

What are HUD homes?
HUD homes are GOVERNMENT foreclosed homes. These are homes that are run through the FHA (Federal Housing Administration) program. The FHA program was a program that many REALTORS didn't like to use because of it's strict regulations. Today, the government has come up with a great program to assist many first time home buyers of HUD foreclosed homes, it's called the HUD Initiative Program.

The Basic Guidelines
If the home and owner-occupied buyer qualifies for this loan, it means an earnest deposit of $1000.00 initially, $100.00 total at the end. (YES, that is not backwards...at close, the out of pocket costs will be $100.00 and the $900.00 could possibly be refunded to you!) It also allows for up to $2500.00 in closing costs to be covered. It's a fantastic program with some guidelines but it allows a lot more first-time home buyers to qualify for a home.

The Ins and Outs from an Expert
From what I understand of the program, it is one of the better mortgage programs that have been put together although it is very new to the marketplace. Fortunately, I have someone that knows the ins and outs of this BRAND-NEW mortgage program, and I would love to refer them to you.

So if a HUD home is in your future and you're looking at investing in a great property, just give me a call at (616) 318-6101 at any time or email me!

For more information about HUD homes, visit www.seegrhomes.com