Call us at 1.800.217.6970 to learn more about these loans. Most people use a real estate broker when buying a home, but you are not required to. No, but the officer cannot own any other residential real property and the officer must reside in the HUD home as their sole residence during the owner-occupancy term of three years. This is the discount for properties in revitalization areas. It is up to the local HUD field officer to determine if only certain neighborhoods within a zip code area meet the revitalization area definition.
All sales are as is, without warranty of any kind.
Only single unit properties may be purchased for the OND initiative. The contract sales price must be the value established by the officer. Some agencies have other home buying programs. Yes, as long as our guidelines are not violated in supporting these other programs. Officers must live in the property as their sole residence for at least three years after the purchase.