How 3% can make all the difference

New FHA rules being implemented soon mean that FHA buyers need to act now or be prepared for more out of pocket dollars!

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Frequently Asked HUD Questions – Part II

Check out the first post in this series here. But we’re just getting started on everything you need to know about buying a HUD house. By the way, some of these aren’t questions that are asked all that often, but rather questions that you should be asking. What does “insured” or “insured with escrow” mean? [...]

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First Time Home Buyer Alert!

THDA, Tennessee Housing Development Agency, has introduced their anticipated second mortgage program. The program is designed to be used in conjunction with the stimulus tax credit for first time home buyers. The purpose is to assist potential home owners by providing a no interest loan which will enable many first time home buyers to purchase [...]

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Buying a HUD Home in TN

Buying a HUD house, i.e. a home owned by the Department of Housing and Urban Development, is generally the same as buying any other home with a few key differences. 1. HUD homes are listed for a set amount of time, usually around 10 days, before any offers will be considered. At the expiration of [...]

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