How Does Section 8 Federal Housing Assistance Work?
The federal government offers housing assistance to allow low-income families, disabled people and the elderly to rent decent, clean homes through the Section 8 Housing Voucher program. Here’s how it works. A Section 8 overview The Housing and Urban Development agency of the U.S. government funds the Section 8 program. HUD channels vouchers to local […]
HUD Foreclosure Homes: A Buyer Opportunity
Buyers can get real bargains by buying foreclosed homes from the Department of Housing and Urban Development (HUD). Educate and prepare yourself with our guide to buying a HUD foreclosure. What are HUD homes? When the government forecloses on a home whose mortgage was backed by the Federal Housing Administration, HUD takes possession of the […]
How to Accommodate FHA Home Buyers
Nearly 30 percent of home buyers today are using loans secured by the Federal Housing Administration or FHA — reason enough for home sellers to consider making their homes FHA-friendly. Here are a few tips to help understand the FHA process. Lending limits. Head to HUD.gov to see if your home qualifies for an FHA […]