Chances are they are an approved HUD lender and can introduce you to a HUD-approved counselor who will be able to answer all your questions about reverse mortgages, how they work, if you qualify, and if a reverse mortgage is right for you.
HUD sets the lower income limits at 80% of the median income for the place (usually a county or metropolitan area) in which you live, while the "very low income" limit is set at no greater than 50% of the median income for the area.
The Department of Housing and Urban Development (HUD) provides information and training to homeowners, real estate professionals and lenders about home purchase, mortgage financing, down payment assistance and foreclosure avoidance.
Foreclosure Free Search - While this website appears to have free HUD home listings upon arrival and will even show you small descriptions with addresses in your area, not all are HUD homes and most are general bank foreclosures.
If you are interested in purchasing a HUD home, visit a Realtor you trust, contact the HUD office in your area or browse the free HUD homes listings available directly from the US Department of Housing and Urban Development.
If this is what you are interested in, you'll be happy to learn about the Department of Housing and Urban Development's (HUD) Title I Property Improvement loan program insured by the Federal Housing Administration (FHA).
Every homeowner facing foreclosure should immediately contact their lender or HUD to find out how to refinance a property in foreclosure and obtain more information on loan modification programs and refinancing options.
This information is valuable, as it will help you to position yourself within the HUD framework for your area and help you to decide whether pursuing HUD housing is an option that should be considered for your family.
While all of this is important information, the US Department of Housing and Urban Development or HUD, offers everything you need to know about the mortgage modification plan at the Making Homes Affordable website.
Neither of these officers was able to follow up their discoveries, but in 1843 Adolph von Wrede landed at Mukalla and, adopting the character of a pilgrim to the shrine of the prophet Hud, made his way northward across the high plateau into the W.