HUD Home Ownership

Although all houses are sold “as is” at this time, when you are newly married and just starting a new life together. Entering the world of homeownership with a HUD home will not only save you some money, it will give you a great perspective as well as a great start to building financial wealth by owning real estate and moving up.

About HUD Homes
Properties whose mortgages are insured by the FHA (Federal Housing Association) become government property as a result of foreclosure. They then offer the property for sale and try to recoup their foreclosure losses.

Who is eligible to buy?
Anyone who has the funds or can qualify for a home loan. HUD’s goal is to sell homes to people who want to become homeowners; however, anyone, including investors, can buy them.

disaster relief mortgage
Currently, any resident whose area has been declared an official disaster area by the President can qualify for a special mortgage with no down payment. See the HOPE section of this website for additional details.

How can I buy a House?
Properties are available for purchase by the public through management companies contracted with HUD. A HUD-registered real estate broker can submit an offer and contract to purchase a home on her behalf. HUD will pay commissions to real estate brokers and specific contracts with these professionals because the government is not a real estate company with the ability to show properties to interested buyers throughout the United States. These HUD registered brokers understand all the rules and regulations and will submit their offer during the appropriate period.