HUD Home Loan Colorado

Plum Creek Funding can assist you with a Housing and Urban Development (HUD) Home Loan in Colorado.

A HUD home mortgage is a loan for a home that originally had an Federal Housing Administration (FHA) loan on the property, and the home went through foreclosure and is now owned by HUD.

Before HUD homes are listed for bidding, HUD orders an appraisal and an inspection on the home. This inspection and appraisal will put the property into a few different categories based on the condition of the home. Once the home is listed as a HUD property it will automatically qualify for a new FHA mortgage.

A HUD owned property only needs $100.00 down if your bid is won for the exact listing price and if the loan you are using is an FHA mortgage. For example, if you bid a $100,000 on a HUD home and won the bid you would only put down $100.00. It is important to have an experienced mortgage broker and real estate agent when bidding on these properties. I will help you with this process and make it as simple as possible for you.

HUD Home Loans Denver

FHA is a part of HUD. You will usually need a FHA loan to qualify for HUD home loans in Denver Colorado or elsewhere.

The laws and regulations regarding HUD home loans can change frequently! It is our job to make sure that you are using your energy to find the house of your dreams for your family, and I will stay on top of the changes and inform you of them. Let me handle the mortgage, while you concentrate on your move!