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HUD Information
It's a great time for buyers who waited patiently for prices to come down. Why continue to rent when you can buy for 10 or 50 percent less than you would have paid a few years ago? For sellers, it could be time to consider trading up.
Since the mid-sxties, the federal Department of Housing and Urban Development has been there for all Americans who want to own a home. One advantage that still exists today is making financing affordable no matter the ethnic background of the applicant. HUD and FHA are not and have never been "minority programs." From the Veterans Administration providing housing opportunities for our veterans, very similar to HUD, both HUD and VA have served a great purpose. Some HUD and VA homes are auctioned periodically in most states, but HUD does much more:
- For example, did you know that HUD-FHA financing is available up to $726,000 for a fixed rate loan?
- Did you know that the average down payment for any home of your choice to $726,000 under HUD-FHA is around 3%?
- Did you know that HUD-FHA might include your taxes in your payment, so you don't have to worry about that?
- For the few banks that are lending, did you know that many expect a huge down payment, sometimes as much as 20%?
- Did you know that Fannie Mae and Freddie Mac establishes lending guidelines set forth by Housing and Urban Development and provides a secondary market to buy loans from banks to keep lending flowing?
Considering that the average home sells for less that $726,000 throughout the country, the incentives that the federal government is providing is beginning to stabilize the housing market. In California alone the increase in home sales has increased 63% since last year! 1-800-HUD-ONLY is ready to make your homeowner dreams cone true.
Get in on the great opportunities before things return to normal. The $8,000 tax credit can be used for your down payment...but only for a limited time. Now Is The Time! Contact us here or call 1-800-HUD-ONLY/1-800-483-6659.
GreenLightRealEstate.com and 1-800-HUDONLY.com arranges all types of financing with conventional and/or government loans.
Why Buy a Home Now? Ten Points to Consider.
Call 1-800-HUD-ONLY/1-800-483-6659.
Pre-Qualify now for a prompt response.
Home Sales Increase 63.8 Percent!
The California Association of Realtors reported that home sales in the state increased 63.8 percent compared with the same period a year ago.
The median price of an existing home declined 39 percent during the same period providing once in a lifetime opportunities for first time home buyers.
Together with the federal government, 1-800-HUD-ONLY will make your dreams of home ownership come true!
$8,000 TAX CREDIT
The lowest prices in recent memory
The lowest interest rates in 30 years.
An $8,000 tax credit that may be used for your down payment….Ask us how you may qualify.
Other seller discounts and rebates.
Contact Us today for more information!
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