- No down payment
- No mortgage insurance
- Loan amount up to appraised value
- Payment assistance available
- 33 year term, with possible 38 year
- Availability to those with acceptable credit (not perfect)
The catch? They must be rural properties, you cannot own a home at time of closing, and there are income limits. Hit me up for more info or to get pre-approved for one of these loans. My list of the currently eligible listings will appear at the end of this week's post, but first let's check out those...
NEW HUDS FOR 7-30-2010
↑ click for pics of all the properties!
4416 S Shenandoah St, Greeley: $49,000. 3 (I say 4) bed, 2 bath, 1508 sq ft, 1996, 1 car attached, UNINSURED. Along comes one of the cleanest manufactured homes we've ever had in Hill-N-Park and lo and behold it won't go FHA. Why not you ask? HUD notes: "One HUD certification label is missing from exterior. Subject is not permanently attached to foundation, permanently anchor frame to foundation. Repair/replace - crawlspace cover; deck stain; roof shingle." Obviously, this had an FHA loan on it at one point in time, so I don't know if the house magically unattached itself or what. Be advised! And bring your cash. Scope the video and pictures because this one is pretty nice on the inside, with all appliances included, the one car garage, and a gigantic shed in the backyard.
Pics start right here: http://captainfantasy.shutterfly.com/13040 Owner occupant bids due 8-8-2010, investors daily thereafter if available.
3106 39th Ave, Evans: $141,000. 3 bed, 2 bath, 1317 sq ft over full half-finished basement, 2001, 2 car attached, $100 down with NO repair escrow. This Ashcroft Heights ranch is fairly awesome. The main floor is in great shape and really doesn't need anything in terms of repair but will require a couple of kitchen appliances. The basement is half finished, and I don't mean half of the basement is done and the other half is not; rather, the entire basement has been framed and drywalled and the bathroom also has a tub but that's about it. It is set up to have another two bedrooms, the full bath, a gigantic living room and two storage areas. So, some finish and trim work on your part could result in a lovely 5 bedroom, 3 bath home in one of Greeley/Evans most value-packed neighborhoods. Check it out if you're in the hunt.
Pics start right here: http://captainfantasy.shutterfly.com/13042 Owner occupant bids due 8-8-2010, investors daily thereafter if available.
2433 Bearwood Ave, Greeley: $72,000. 3 bed, 2 bath, 846 sq ft over full 25% finished, 2002, 2 car attached, $100 down with $1925 repair escrow for flooring. This East Meadows ranch is listed as a 2/1 since the basement hides the extra bed and bath. Unbelievably, a permit was pulled to finish said basement. This is a relist, and as such owner occupant bids are due 8-3-2010, investors daily thereafter if available.
USDA RURAL DEVELOPMENT-ELIGIBLE LISTINGS
3294 Wigwam Way, Wellington: $183,500. 3 bed, 3 bath, 1538 finished sq ft w/ 711 unfinished bsmt, 2004, 2 car attached. This nice two story in Buffalo Creek has tile and granite throughout the home, alder kitchen cabinets and some crown molding, a covered patio and a fenced yard. Shows well, quiet neighborhood. Pics start here: http://captainfantasy.shutterfly.com/13060 Call me immediately to get an offer submitted straight away.
164 Falls Creek Dr, Bellvue: $136,900. 2 bed, 2 bath, 2094 finished sq ft, 1940, .71 acre lot. This Poudre Park 'raised ranch' has a walk-out basement, an open layout with hardwood flooring, and is a few hundred feet from the River. It is assessed for $219,700 so this one might be the bargain of the week especially considering the USDA loan or the more vanilla Fannie Mae HomePath. Pics start here: http://captainfantasy.shutterfly.com/13065 Call me immediately to get an offer submitted pronto.
1100 Giant Track Rd, Estes Park: $225,900. 4 bed, 2 bath, 1920 finished sq ft, 1965, 1.37 acre lot. This raised ranch has amazing views, a large wrap-around deck and has the potential to be one of the coolest houses around. A-1 zoning allows for 5 rental units (!), and horses are allowed. It is currently a wood panel nightmare, so bring your designer touches. Assessed for $279,600. Pics start here: http://captainfantasy.shutterfly.com/13082 Call me immediately to get an offer submitted asap.
142 Navajo Peak Ct, Livermore: $216,900. 4 bed, 2 bath, 1750 sq ft over 1460 mostly finished basement, 2002, carport, 2.18 acre lot. This one is probably the nicest of the bunch in terms of its current condition. While not quite in move-in condition it's darn close with an open floor plan, vaulted ceilings, hardwood floors, a super-nice kitchen with center island, granite countertops & a double-sided fireplace. This is yet another raised ranch so it too features a walk-out basement. Master bedroom has 5-piece bath and its own fireplace. This one is assessed for $237,100. Pics start here: http://captainfantasy.shutterfly.com/13077 Call me immediately to get an offer submitted on the double.
Take a minute and scope a few of my COOL FEATURED LISTINGS!!!
Like or perhaps even love the blog? Sometimes it isn't terrible to be a FOLLOWER. Get a kick out of the videos? Subscribe! As always, please drop me a line if you'd like to check any of these out or if you have any questions on HUDs or real estate in general. Most of the HUDs are remarkable deals, and combined with the $100 incentive they are literally the best deals around. As always, you can go to my website http://www.cripscribs.com/hud.html and search the entire state's HUD inventory. Comments, questions and showings please send an email or call me at 970-988-5634. Have a great week! Crip