Part of being a responsible homeowner is learning how to care for your home - after all, it's the biggest investment you'll make in a lifetime and the quickest way to build wealth. From minor repairs to upgrading your windows – we're going to explore your options.
Are You a First Time Buyer?
Make a Wish List- Do you need a Realtor?
- Get Qualified and Pre-Approved
- Learn about Mortgage Loan Products
Editors Topics
| Buy a House or Start a College Fund Buy a House or Start a College Fund? Questions like these – among a boat load of others – are starting to weigh on the minds of today's Baby-Boomers who like us, either feel guilty for not having started a coll [ ... ] |
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Home Improvement & Remodeling
The Home Improvement Energy Tax Credit Ends December 31
Homeowners have been making a mad dash to local home improvement stores to take advantage of the tax credit for home improvements. What qualifies for the program...
Read about the program
Credit & Financial Matters
How is your credit score calculated?
A Short Review of How your Credit Score is Calculated
The Fair Credit Reporting System and Accurate Transaction Act developed a formula that will rate every credit consumer’s spending history with a personal Credit Score.
Some First Time Homebuyers are finding they can save money by considering a foreclosure home purchase from HUD
Although all homes are sold "as is" right now when you are newly married and just starting out on a new life together introducing yourself to the world of homeownership with a HUD Home will not only save you some money but give you a great perspective as well as a great start to building financial wealth by owning real estate and continuing to move up.
About HUD Homes
Properties whose mortgages are insured by FHA (Federal Housing Association) become the property of the government as a result of foreclosure. They then offer the property for sale and attempt to recover the losses on the foreclosure.
Who is eligible to purchase?
Anyone who has the funds or can qualify for a mortgage loan. It is the goal of HUD to sell homes to individuals desiring to become homeowners, however anyone to include investors are able to purchase.
Disaster Relief Mortgage
Presently, any resident whose area was named an official disaster by the President can qualify for a special no money down payment mortgage. See HOPE section of this website for additional details.
How can I purchase a Home?
Properties are available for purchase by the public through management companies contracted with HUD. A real estate broker registered with HUD may submit an offer and contract to purchase a home on your behalf. HUD will pay commissions to the real estate brokers and specifically contracts with these professionals because the government is not a real estate firm with the ability to show properties to interested shoppers throughout the United States. These registered HUD brokers understand all of the rules and regulations and will submit your bid during the appropriate “open” period, then when the time period is over they will open every bid and accept the highest offer.
Still have more questions?
Listed below are Housing Counselors in Houston. HUD suggests that you work with a counselor to answer your questions and guide you through the process. They are no charge to you and are a wonderful resource.
Confused by the current housing market? Don't know if you should buy a HUD dome? We can help, just ask.
Neighborhoods & New Home Communities
| A Glance at the Aldine Area in North Houston Aldine, Texas Area Community Centers Melrose Community Center - 1001 Canino Road, Houston, TX - (281) 447-051 Empowerment Community Center - 8333 Sweetwater Lane Houston, TX, (281) 591-8800 [ ... ] |
Construction Underway On Highland Homes Model In West Ranch Construction is underway for Highland Homes’ new model in West Ranch, Friendswood Development Company’s master-planned community located just off FM 518 in the exemplary rated Friendswood Independent School District. The [ ... ] | Other Articles | ||
