Delayed Financing and HUD

[Keneale McKenzie]

Hello everyone 

I have been hearing some great things about delayed financing but it seems so complicated. Does anyone have a simplistic explanation on how the delayed financing option works and how it can be coupled with HUD through Fannie Mae (not sure if Im phrasing this question correctly but its worth a shot)

Im a newbie and have not officially purchased my first property yet but im looking at all options. Is this method good more someone just starting out or should I wait until im more seasoned?

Thanks everyone!!

Keneale