One of the best incentives for buying a HUD home in Newnan Georgia is the low down payment requirement for qualifying owner occupants.
Many buyers with good credit, steady employment, and satisfactory debt/income ratios may qualify to obtain an FHA 203B loan with as little as $100 down. Combined with low interest rates and competitive pricing, a HUD home is an attractive option for many Coweta County homebuyers.
In order to place a bid for a HUD home, a buyer must use a registered HUD broker or agent. Contracts are awarded based on a variety of parameters, such as price, closing costs, and the status of the purchasing entity.
Governmental agencies and non-profit organization get first preference, followed by owner-occupants, and investors get the lowest priority.
For complete details about purchasing a HUD home in GA, give me a call or visit CowetaFayetteRealty.com.