When it comes to buying some types of properties, like a HUD home, there are rules that have to be followed from the start, which is financing.  Here’s a quick story about a person who didn’t follow the rules.

Thanks to Lou King of Guaranty Mortgage for helping me educate you.

When it comes to financing, as always Cash is King, so if you have it, this might be the place to use it.  If you don’t, or you determine that financing is the best way to allocate your resources, the best thing to do is contact a qualified, experienced loan or mortgage officer.  Here are some options to consider.

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There are a number of different loan programs available in the marketplace that range from 100% financing  to conventional loans.  Some of the programs that should be considered include FHA (Federal Housing Administration), VA (Veterans Administration) and USDA (United States Department of Agriculture).