Offer on HUD home is higher than AppraisalThere is a HUD multi-family home appraised for $125,000 (obviously it is worth more) it is 203K eligible so it can go FHA. I put in a bid for $155,000. My mortgage lender is aware the home appraised for $125,000 and is willing to front the $155,000. I keep hearing conflicting reports:View #1: that I have to come up with the difference between 155K and 125K ($30,000) in cash at closingView #2: If the mortgage lender is willing to put down the 155K at closing, that is fine. I won't need cash because my lender is backing me and will get the 155K to HUD.Who is right?August 31 2013 - Nashua00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.