Loveland, Colorado

Buying a Home from Hud.gov

Thinking about buying a home?

1. Figure out how much you can afford

What you can afford depends on your income, credit rating, current monthly expenses, downpayment and the interest rate.

Buying vs. Renting

Home Economics

2. Know your rights

Fair Housing: Equal Opportunity for All- brochure

Real Estate Settlement Procedures Act (RESPA)

Borrower’s rights

Predatory lending

3. Shop for a loan

Looking for the best mortgage: shop, compare, negotiate – brochure

Let FHA help you

Learn about interest only loans

Avoid Predatory Lenders

4. Learn about homebuying programs

Homebuying programs in your state

Let FHA help you (FHA loan programs offer lower downpayments and are a good option for first-time homebuyers!)

HUD’s special homebuying programs Good Neighbor Next Door(formerly known as Teacher/Officer/Firefighter Next Door)

Homeownership for public housing residents

5. Shop for a home

Choose a real estate agent

Wish list – what features do you want?

Home-shopping checklist? take this list with you when comparing homes

Homes for sale(including HUD homes)

“Fixer-Uppers – home purchase and repair programs

Manufactured (mobile) homes

Build a home

6. Make an offer

Making an offer

7. Get a home inspection

For Your Protection Get a Home Inspection

10 Questions to ask a home inspector

8. Shop for homeowners insurance

Homeowners insurance

12 ways to lower your homeowners insurance costs

9. Sign papers

You’re finally ready to go to “settlement” or “closing.” Be sure to read everything before you sign!

Settlement Costs and Helpful Information

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