HUD Homes for Sale
Federal Housing Administration (FHA)
What is HUD Homes for Sale?
A U.S. Department of Housing and Urban Development (HUD) home is a 1-to-4 unit residential property acquired by HUD as a result of a foreclosure action on a Federal Housing Administration (FHA)-insured mortgage. HUD becomes the property owner and offers the HUD Home for sale to recover the loss on the foreclosure claim.
Administration
HUD Homes for Sale is administered by Federal Housing Administration (FHA).
Program Requirements
If you have the cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.
Application Details
What is the application process for HUD Homes for Sale?
You must follow the guidance on the HUD Homes web page.
Contact Info
1-800-225-5342