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HUD/VA Homes
PMZ can help you purchase a government repossessed home. Our HUD/VA Specialists will assist you every step of the way. Your PMZ Specialist will help you get prequalified for a loan, update you as homes become available, assist you in the bidding process, and guide you through escrow.
What is a HUD Home?
A home that was previously purchased with an FHA loan and has been foreclosed due to default on the loan. HUD now requires all buyers be pre-approved with a signed letter from an underwriter.
Advantages of buying a HUD home:
- New list of homes every Friday.
- Low down payments.
- Some closing costs paid by HUD.
- Repair cost on some homes paid by HUD.
- Homes often below market price.
What is a VA Home?
A home that was purchased with a Veteran's Administration loan and repossessed. The home is then offered for sale to the general public.
Advantages of buying a VA home:
- New lists of homes bi-monthly.
- Low down payments.
- Some closing costs paid by VA.
- Homes often below market price.
© 2008 Paul M. Zagaris Inc.