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How to Apply for a HUD Home Loan


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When looking for and buying a home, you must use careful consideration about what kind of loan you get. The Federal Housing Authority is the division of the Housing and Urban Development (HUD) department, which regulates and controls FHA loans. The FHA is a mortgage regulating body that oversees the requirements of a federally backed loan. A FHA/HUD mortgage will allow better flexibility with the down payment but may take more time to generate than a conventional mortgage.Difficulty:ModerateInstructions Things You'll Need
Financial statements from all sources of income
Last two years income tax forms
Verification of current employment
List of all debts owed

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