Central Virginia H.U.D. Foreclosed Homes--Informational Site
Charlottesville Area
HUD Homes Are The BARGAIN
of Your Life!
What is a HUD Home? HUD is a department
of the federal government.
the Department of
Housing and Urban Development.
When FHA mortages are foreclosed and the homes are resold, they are called HUD
Homes.
Is that like a bank-owned home?
Yes, but different. Instead of a bank
owning it, it's a division of the government that owns it. Bank
owned homes come in all price ranges. HUD homes in general are inexpensive
homes. A common price range is under $200,000. They are
seldom priced over $300,000. HUD homes are EASY to
finance. They are ideal for owner occupants, especially first time
homebuyers, although many investors buy them, too.
Do I have to pay cash? No. Unlike bank
owned homes, HUD wants youto finance your home with an FHA Loan.
But it gets even better!
HUD also offers loans
for fixer-uppers, mobile homes, and new construction! We work with the BEST
Charlottesville area lenders who are very experienced in FHA and HUD home
transactions. The best rates and the best service. We'll help you get the
loan you want.
FHA loans have been helping people become homeowners since 1934. The Federal
Housing Administration (FHA) – which is part of HUD – insures the loan, so your
lender can offer you a better deal.
Low down payments
Low closing costs
Easy credit qualifying
What does FHA have for you?
Buying your first home?
FHA might be just what you need. Your down payment can be as low as 3.5% of the
purchase price, and most of your closing costs and fees can be included in the
loan. Available on 1-4 unit properties.
Want a fixer-upper?
FHA has a loan that allows you to buy a home, fix it up, and include all the
costs in one loan. Or, if you own a home that you want to re-model or repair,
you can refinance what you owe and add the cost of repairs - all in one loan.
Financial help for seniors
Are you 62 or older? Do you live in your home? Do you own it outright or have a
low loan balance? If you can answer "yes" to all of these questions,
then the FHA Reverse Mortgage might be right for you. It lets you convert a
portion of your equity into cash.
Want to make your home more energy efficient?
You can include the costs of energy improvements into an FHA Energy-Efficient
Mortgage.
How about manufactured housing and mobile homes?
Yes, FHA has financing for mobile homes and factory-built housing. We have two
loan products – one for those who own the land that the home is on and another
for mobile homes that are - or will be - located in mobile home parks.
Good Neighbor Next Door Program If you are a K-12th
grade teacher, a law enforcement officer or a full-time firefighter/EMT, you
get a discount on the purchase price of a HUD home!
A 50% discount!
Of course there is some
fine print in the HUD paperwork about all of this, but it's for
real....a 50% discount on the purchase price!
Not a teacher, police
officer or firefighter? Too bad, neither are we. But imagine the good
news you can spread to the teachers, cops and firefighter/EMTs if you know
any!
Here is a brief summary of the process
and what you can expect:
You enter your information below.
Click SUBMIT. Make sure your information is entered
correctly. You may unsubscribe anytime you wish and we never ever
sell the names. Use the COMMENTS box if there is anything special we need
to know about you or the house you want.
One of the members of the Central VA HUD
Homes team will enter your information into the computer, where your
criteria will be saved.
You will receive an e-mail with a link to
information about homes that match your search.
Please let us know that you received the
message and provide some feedback. Let us know if you want to change
your area, your price range, the size of homes, etc.
As new listings and price changes come on
the market, you will receive an update email message that shows the new
home listing or the price change.
When there is a home that interests you, we
suggest you drive by it right away. Check out the
exterior. Check out the neighborhoood.
Then, if you like what
you see be sure to contact us for a showing
(Remember, HUD Homes can
sell quickly)
Please read.....
Yes, please give me the advantage of receiving updates about new HUD listings.
I understand that there is no cost to receive these updates.
I am not working with or under contract to another real estate agent or broker. There is no obligation,
no pressure. Never a hassle
This service is for home buyers and investors only. No
agents or brokers please. This service is not a
member of the Federal Dept. of Housing and Urban Development or any other
government agency. If your home is currently under contract with another
brokerage, or if you as a buyer are under contract with another brokerage, this
is not an attempt to solicit your listing.
Brought to you by Fulton Gaylord Realtor with Keller
Williams Realty 1885 Seminole Trail, Ste. 200 CharlottesvilleVA 22901 Visit our main site
