Property Q&A in Philadelphia>Question Details

Desiree, Home Buyer in Philadelphia, PA

does hud have rent to own or lease purchase homes?

Asked by Desiree, Philadelphia, PA Sun Jan 2, 2011

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Answers

3
No, but I get the rent to own question a lot. Many consumers think you need 10 or 20 % to buy, and so think they have to rent to own in order to buy. You need 3.5 percent to buy a house and your credit score should be 620 or higher. If you would like more information, call me.
0 votes Thank Flag Link Tue Jan 4, 2011
Desiree,

HUD does not normally do this, but you may find private sellers who may be interested in this type of transaction. If you contact me with a little more information about what you are looking for, I can send you some properties that are offering lease/purchases in Philadlephia.

Best of Luck,
Barbara Smith
Weichert Realtors
Licensed in PA & NJ
cell/text: 609-980-7593
email: BarbSmith321@comcast.net
Web Reference: http://BarbSellsSJ.com
0 votes Thank Flag Link Mon Jan 3, 2011
Dear Desiree,
No, HUD owned properties are for sale only, some can be financed, the rest require an all cash offer.
0 votes Thank Flag Link Sun Jan 2, 2011
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