Buy A House With Section 8. #lowincomehousing #section8 #naca #homebuyerstips #homebuyersguide #buyerguide #buyingahouse #home2023 #realestatedoneright #hud #luxliferealtor #latashamcdowellrealtor

LaTasha McDowell, Realtor ®️
📞850.212.6097
✉️ lmcdowell@lataahamcdowell.com

Visit: HUD.Gov

step-by-step guide to purchasing a home with a Housing Choice Voucher:

1. Check your eligibility: The first step is to check whether you are eligible for the Housing Choice Voucher program. You can do this by contacting your local public housing agency (PHA) or HUD office. Your income and family size will be considered when determining eligibility.

2. Find a home: Once you are deemed eligible, you can start looking for a home to purchase. You will need to find a home that meets the Housing Quality Standards (HQS) established by HUD. You can use your voucher to purchase a single-family home, townhouse or condominium that is within your approved price range. I can assist you with this after you get a mortgage pre-approval.

3. Obtain a mortgage pre-approval: Before you start the process of purchasing a home, you need to obtain a mortgage pre-approval from a lender. This will determine how much you can afford to spend on a home.

4. Submit an offer: Once you find a home that you like, you will need to submit an offer. This offer should be contingent on the inspection and appraisal of the home.

5. Inspect the home: The home will need to be inspected to make sure that it meets the HQS established by HUD. The inspection will be conducted by a qualified inspector and will cover things like structural integrity, safety, and sanitation.

6. Get an appraisal: The home will also need to be appraised to determine its market value. This is typically done by a licensed appraiser.

7. Close on the home: Once the inspection and appraisal are complete and everything looks good, you can close on the home. This will involve signing a lot of paperwork and paying any closing costs.

8. Move into the home: Once you have closed on the home, you can move in and start enjoying your new home!

During the process of purchasing a home with a Housing Choice Voucher, you will need to contact several different people, including:

- Your local public housing agency (PHA) or HUD office
- A lender for your mortgage pre-approval
-Licensed Real Estate Agent
- A qualified inspector to conduct the home inspection
- A licensed appraiser to conduct the home appraisal
- The seller of the home

Your local public housing agency (PHA) or HUD office should be your first point of contact for any questions or concerns you have during the process.

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