How long to close on a cash pay HUD home?

We have had our offer accepted and our inspection is scheduled for next Thursday. After that is done, how long will it take to close on our HUD home since we are paying cash? They said "up to 30 days" but we want to close as soon as possible. How quickly can this be?


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One Response to “How long to close on a cash pay HUD home?”

  1. LoneRanger says:

    Well, it is the federal government, and they aren’t known for speed. Count on the 30 days, if all goes well!

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  1. At the closing you will sign all FHA home loan documents and take possession of your new home. If you are refinancing, you will not take possession of a new home, but you will get a lower interest rate, cash out, or both! Apply Now at ... Further, HUD can allow the lender to take past due payments and move them to the end of the loan and in some instance will actually pay your past due payments for you. Options to save your home you'll never get from a conventional loan! ...

  1. Buyers reside in the home as a tenant and pay monthly rent payments. In most cases, buyers are required to provide a down payment when entering into rent-to-own contracts. Seller carry back contracts are utilized as a temporary financing ... HUD mortgage loans are available to low-income buyers and individuals employed in certain professions including firefighters, police officers, and education. FHA lending limits vary by state and borrowers are required to submit ...

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