How to find HUD code homes in your area?

HUD code homes are the most cost effective housing options available in the market today. If you are in the low income group or the low family income category; these homes may be the ideal way to own your own home at really affordable rates. For instance the average price of a HUD code homes is in the range of $35 to $65 per square foot while the rate of a conventional brick and mortar house can be many times more. Yet, you cannot deem these houses as tacky, gone are the matchbox trailer homes of a few decades ago. Today manufactured homes are at par with on site homes and you can get just about any amenity in them.

As a matter of fact, these homes blend so seamlessly with the conventional homes that the only way to tell the difference between the two is through the steel undercarriage that can be seen in HUD code homes; however, a person would have to bend really low to see it. HUD homes are sold to individuals who qualify for them; however, investors can also try their luck at finding a manufactured HUD code home at really reasonable rates. HUD gives priority to buyers from certain factions of the society. For instance, if you are a teacher, firefighter, emergency medical technician or a law enforcement officer you can get these homes for as much as 50% below the regular offer price. HUD also ensures that single mothers, disabled people and people who intend to make these homes their primary residence.

HUD homes are sold either new or as foreclosed properties; either way information about these properties are available on sites such as http://Homessales.com and also the websites of HUD contracted construction companies also, you can check another website http://www.hud.gov/homes/index.cfm has information about the various HUD properties n your area.

Once you get to the homepage of the site, scroll down till you see a list of all the states in the country, click on the state that you live in so that you come up to a page that has all the HUD homes for sale in the area. You will find that these sites offer information on the county, specifics about the home such as the number of bedrooms, the condition of the homes, a report on the condition of the various systems in the house and information about bidding on the homes such the list price and the number of days for bidding.

There are certain limitations to buying a HUD code homes; for instance, you will either need to be pre-approved for a loan or buy the house in cash. You will need to take a loan only from a HUD approved lender.

Finding a HUD approved lender

You should also find information about HUD approved lenders on the Departments website; these lenders will help you purchase a HUD code home for a fraction of the price of similar conventional property. You can also find the HUD approved lenders in your area and state through this site.

Before buying a HUD home it is essential to get it evaluated from a professional engineer so that you know about the structural condition of the house and the amount of money that you may have to spend to renovate and repair the home in order to meet the HUD code. You will also need to enlist the help of a HUD registered real estate agent to purchase a HUD home because only a registered agent can place your offer on your behalf. Finally, you should also consult with a HUD code attorney who can offer advice on specific issues related to HUD code home purchase. You will find that HUD code attorneys also handle other consumer right cases.

HUD code homes are the perfect housing option for people who cannot afford conventional homes; particularly in the current economic scenario.

Author Bio: Seomul evans is a SEO Services consultant for California lemon law and also write Free Law Content

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