Homes owned by the government are handled by the Dept. of Housing and Urban Development (HUD). HUD offers 3% back to you towards your closing costs. Some homes are in move in condition and others may need repairs/updates. FHA 203K loans are available for the purchase and the cost of repairs/updates. You are able to borrow up to 96.5% of repaired/updated value.
Here are HUD's listings for Rockingham County New Hampshire as of October 27, 2010.
Chester: 4 bedrooms, 2 baths, great room, dining room, two living rooms one with fireplace. Partially finished lower level with garage under, all on 2.87 acres, move in condition.
Asking $210,000
Derry: 2 bedrooms, 1 bath, hardwood floors, needs work.
Asking $92,000
Derry: Duplex, 2 two bedroom units, needs a little work.
Asking $120,000
Epping: 3 bedroom, two baths, farmers porch, double garage under, desirable neighborhood, good commuter location, move in condition.
Asking $214,000
Fremont: 3 bedrooms, 2 baths, nice location, move in condition.
Asking $200,000
Salem: 3 bedrooms, three baths, inground pool, needs work.
Asking $200,000
HUD homes give you opportunity to build equity fast.
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