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.