Buying a HUD home?
We offer the most extensive information for buying a HUD owned home!
Our experienced team will guide you, step by step, in purchasing real estate from HUD (Housing and Urban Development). Buying a HUD Home is a different process than buying other types of homes. To make an offer on these homes you must use a registered HUD certified real estate professional. Click on the link to CONTACT US and our team will walk you through the process and get you on your way to home ownership!
Be sure to check back regularly for a wealth of classes, resources, current listings, frequently asked questions and a full glossary of terms. Be sure to utilize all the useful links on our site and feel free to contact us at any time with questions or sign up to be the first to hear about new HUD Home listings!
Anyone can purchase a HUD home! If you will be an owner occupant, you may qualify to purchase this home with only $100 down! Be sure to ask about how you can get qualified. Once the owner occupant period is over, investors will have the opportunity to purchase these homes as well!
HUD homes are sold in “As Is” condition, meaning, that HUD will not make any repairs. When making your offer, make sure you consider the needed repairs! HUD does a full appraisal of the home prior to listing it for sale and takes into account the needed repairs and adjusts the price accordingly, sometimes at substantial discounts. With a 203K loan, you can finance any repairs into your loan at the same rate as a regular FHA loan!
By enlisting the services of an approved HUD agent and following HUD’s buying process and rules carefully, your home buying experience will be a rewarding one! Be sure to visit The HUD store for additional information!
