Posted on: 15th Jan, 2009 12:47 pm
Where would i go to find a lender to cover the home and the loan all in one?...There is a HUD Home that i am interested in buying, the property is uninsurable for a FHA loan, but is approved for a 203k loan to fix up the property.
Hi christner_jeff!
Welcome to forums!
As far as I know, if you want buy a HUD home, you will have to contact the real estate broker registered with HUD. He may submit an offer and contract to purchase on your behalf. You can contact any such broker and try to get a loan. You can also speak to the lenders of this community and seek a no-obligation free mortgage consultation from them. This will help you to know what kind of rates and terms you may get.
Sussane
Welcome to forums!
As far as I know, if you want buy a HUD home, you will have to contact the real estate broker registered with HUD. He may submit an offer and contract to purchase on your behalf. You can contact any such broker and try to get a loan. You can also speak to the lenders of this community and seek a no-obligation free mortgage consultation from them. This will help you to know what kind of rates and terms you may get.
Sussane