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What is a HUD Home?
A HUD Home is a one to four unit single-family residence, condominium or townhome that has been conveyed to HUD by the lender as a result of foreclosure when the borrower defaults on the FHA-insured loan. HUD in turn sells the property at “AS IS” market value based on a recent appraisal as quickly as possible through an Asset Manager (AM) Contractor such as PEMCO, LTD. HUD Homes vary in price, location, and condition. Some are move‐in ready condition and others are not.

Who can buy a HUD Home?
Anyone with a valid Tax ID (*SSN or Employer Federal Tax ID) issued in the United States can buy a HUD home. Potential buyers must qualify for a mortgage or pay cash to buy a HUD home. Buyers must have a pre-qualification letter from a certified lender, or proof of funds in the amount of, or greater than the gross purchase price of the property.

Where can I find a HUD home?
HUD homes are listed at

How can I view a HUD Home?
All buyers MUST be accompanied by a broker or agent when viewing any HUD Home listed for sale.

Do I need a realtor to place a bid for me?
Yes, please contact a registered HUD broker or agent to place a bid on a property and to access the home listed for sale. To lookup a broker/agent in your area, visit the HUDHomestore website.

What are FHA sales incentives and how does it benefit owner-occupant purchases?
For a limited time, FHA offers sales incentives on HUD homes that will make these homes more affordable for homebuyers when purchasing a property using FHA-insured financing.  The incentives VARY from state to state but may include: low down payments; sales allowances that can be used to pay closing costs, make repairs, or pay down the mortgage amount. The benefits of FHA financing are low down payments; competitive interest rates; flexible credit qualifying.  Read  more …


9 Steps to Homeownership

1. Figure out how much you can afford

What you can afford depends on your income, credit rating, current monthly expenses, downpayment and the interest rate.

2. Know your rights

Fair Housing: Equal Opportunity for All– brochure
Real Estate Settlement Procedures Act (RESPA)
Borrower’s rights
Predatory lending

3. Shop for a loan

Looking for the best mortgage: shop, compare, negotiate– brochure
Let FHA help you
Learn about interest only loans
Avoid Predatory Lenders

4. Learn about homebuying programs

Homebuying programs in your state
Let FHA help you (FHA loan programs offer lower downpayments and are a good option for first-time homebuyers!)
HUD’s special homebuying programs
Good Neighbor Next Door(formerly known as Teacher/Officer/Firefighter Next Door)
Hurricane Evacuees discounted sales
Homeownership for public housing residents
Indian Home Loan Guarantee Program(Section 184)

5. Shop for a home

Choose a real estate agent
Wish list– what features do you want?
Home-shopping checklist? take this list with you when comparing homes
Homes for sale(including HUD homes)
Fixer-Uppers – home purchase and repair programs
Manufactured (mobile) homes
Build a home

6. Make an offer

Making an offer

7. Get a home inspection

For Your Protection Get a Home Inspection
10 Questions to ask a home inspector

8. Shop for homeowners insurance

Homeowners insurance
12 ways to lower your homeowners insurance costs

9. Sign papers

You’re finally ready to go to “settlement” or “closing.” Be sure to read everything before you sign!


First Time Buyers
About Buying a HUD Home
Information about HUD Homes
Buying Your Home: Settlement Costs and Information
Frequently Asked Questions – FAQ
Healthy Homes
Protect Your Family From Lead in Your Home

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