A HUD home is a property previously purchased with an FHA loan that has since been foreclosed. Once the foreclosure process is complete, the U.S. Department of Housing and Urban Development (HUD) takes ownership of the home and offers it for sale to the public.
HUD homes can be an excellent opportunity for buyers looking for a good deal, especially first-time homeowners or those on a budget. These properties are often sold below market value and may qualify for special incentives or programs.
WHO CAN BUY A HUD HOME?
HUD prioritizes buyers who plan to live in the home as their primary residence before opening it up to investors. Owner-occupants are given the first opportunity to purchase HUD homes, which allows everyday buyers a fair chance before investors are allowed to place offers.
HOW WE HELP
Buying a HUD home differs from a typical real estate transaction—it involves a specific bidding process, required documentation, and strict deadlines. Our HUD-registered team is trained to guide you every step of the way.
We'll help you:
Understand the bidding and offer process.
Complete the required paperwork accurately.
Navigate inspections, escrow, and closing.
Explore available financing options and incentive programs.
We also work with investors once the owner-occupant window has closed, helping them identify valuable opportunities within the HUD market.
If you are considering a HUD home, we are here to make the process smooth, informed, and successful.
Note: All HUD homes are sold as-is. Working with a knowledgeable agent is essential to assess condition, repairs, and costs. We are not attorneys and do not provide legal advice.
