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Updated about 16 years ago,
How difficult is it to get a home HUD approved?
We are thinking in the future of getting HUD approved, but not sure what the process is, how difficult it is or how long it takes.
Can anyone that has gone through the process give me some insight? Home is in Ohio. I did print out their inspection forms so I have an idea of what all they will check when doing the inspection so would make sure everything is as it should be. But curious how long and/or difficult the process may be?
Also do they send prospective renters to you or do you advertise like normal? If you get a tenant that has a voucher and would like to rent the place, but your home is not yet approved, can they move in while the home is going through the HUD approval process or do you have to wait to get that all done first? I imagine it would be wiser to wait, but just curious if they would accept an existing tenant? Like if you were willing to work with them until the HUD approval, etc., came through.
I'm still debating if I want to go the HUD route, so thought I'd find out as much as I can first.