HUD Home Status?

4 Replies

If you are bringing 100% of the purchase price in your own cash, or finding outside (non-FHA) financing from your own bank, then that "FHA insured with escrow $3905" really doesn't mean much.

That is only if you plan to use an FHA loan which may require certain repairs to be done before they will finance.

Lucas is correct...

HUD inspects and appraises homes they list.

Because they have the data, and "local" talent doing the inspections, they know what it will cost to repair the problems and bring a house "up" to meet the minimum standards needed to qualify for one of their loans.