How to Apply for an HUD Loan
- 1). Gather your needed information. You will need your tax return for the last two years, last two months paystubs, all bank account statements, information about current debts and complete information about any other real estate owned.
- 2). Research the FHA website to determine if an FHA loan is the right choice for you.
- 3). Make an appointment with a mortgage specialist at the lending institution of your choice.
- 4). Begin the application process. Different lending institutions will have their own list of requirements. These items will include your debt to income ratio, down payment required and closing costs that will be charged at closing.
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