BAltimore HUD
Homes

Baltimore HUD Homes View all HUD listings in your area. All HUD homes currently for sale. HUD homes are excellent opportunities to get a cheap home that needs work done; Baltimore HUD homes are 1-to-4 unit residential property insured with FHA foreclosed by a lender. HUD Is the new homeowner and offers it for sale.

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Buying a HUD home?

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WHAT ARE THE ADVANTAGES OF BUYING A HUD HOME?

HUD pays up to 5 percent of the closing costs, saving you thousands. You can move in faster if you purchase a HUD home eligible for an FHA-insured mortgage because it has been appraised. HUD homes may be eligible for repair loans built into the mortgage and buyers may qualify for 3 percent down payments.

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HOW MUCH MONEY DO I NEED TO PUT DOWN ON A HUD HOME?

You will still need the required earnest money. HUD requires a buyer to submit with the Purchase Contact earnest money of $1,000 if the purchase price is over $50,000 and $500 if the purchase price is under $50,000

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HOW DO I BUY A HUD HOME?

You can buy a HUD home just like any other home on the market. Your best bet is to visit with a mortgage lender to verify the loan type you would qualify for. Most HUD homes will need repairs to qualify for financing, but rehabilitation loans are available with small down payments.

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