Nov 20, 2018
What is a HUD-Held Loan?
HUD-held loans are loans that were originally insured by HUD , and are now owned by HUD itself. HUD-held loans are different than HUD-owned properties, as these are properties in which the title of the property is now held by HUD as the result of a borrower foreclosure.
Nov 20, 2018
What is a HUD-Approved Lender?
HUD-approved lenders are those that can offer HUD multifamily financing and other HUD-insured home loans to borrowers. In order to qualify to become a HUD-approved lender, a lender must meet specific requirements, including having a specific net worth, maintaining good credit, and having employees