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HUD homes???

Is it hard to get a hud home loan??? how much money do you have to make to get a 30,000 loan?

Answer Question

Asked by Anonymous at 1:36 PM on Aug. 24, 2010 in Money & Work

Answers (4)
  • talk with ur bank or who ever is giving you a loan. Its not all depended on how much you make either, it has a ton of things like credit checks. Do some research online!

    Answer by SunShineMoMM at 1:39 PM on Aug. 24, 2010

  • Also im guesing atleast 10% down which would be about 3000 dollars.

    Answer by SunShineMoMM at 1:40 PM on Aug. 24, 2010

  • It is not any harder to get a HUD loan than any other loan. The problem is that you have to go through a bidding process and chances are someone could put in a bid higher than your. You have to move fast on them.. Good luck.

    Answer by HelenCarlene at 1:40 PM on Aug. 24, 2010

  • Talk to a lender. The regulations for HUD homes might be different than other homes. Also, I have never heard of a HUD loan. Did you mean an FHA loan?

    Answer by HotMama330 at 2:50 PM on Aug. 24, 2010

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