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HUD Homes - Pemco Limited - Selling HUD Homes in the North State!
HUD Homes - Pemco Limited - Selling HUD Homes in the North State--there is great opportunities for Buyers in the North State. HUD homes offer amazing value and programs to help owner occupants. If you are a Buyer looking for great values in the real estate market, then you should consider a HUD Home.
Combining FHA loans and HUD Homes is a winning combination. There are many versatile programs within the FHA Loan Suite that allow the flexibility to purchase HUD Homes. Using a FHA 203b with repair escrow allows for modest repair monies to be held in escrow for repairs. When HUD Homes are not in move-in ready condition, this allows the Buyer the option to make these repairs and include it in the loan. With a FHA 203k, Buyers have a complete solution for rehabilitation of the property. A contractor provides a bid to the lender, the monies are set aside and after the close the work is done and approved before payment issues. The result is that the Buyer often times will have updated the property while remaining below market value.
HUD Homes offer many opportunities to first time home buyers using the FHA Loan options.

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