Mortgages

Mortgage Refinancing
- Mortgage Refinancing
Reverse Mortgages
- Kinds of Reverse Mortgages
- Reporting Fraud or Abuse
FHA Loans and HUD Homes
- FHA Loans
- HUD Homes

FHA Loans and HUD Homes

HUD Homes

The HUD takes ownership of the property when homeowners default on their FHA loan because HUD oversees the FHA loan program. Consequently, these properties are either called HUD real estate-owned properties or HUD homes.

Am I Eligible to Buy a HUD Home?

Whether you qualify for buying a HUD home or not depends on your credit score, ability to get a mortgage, and the amount of cash down payment. You can also use an FHA-insured mortgage for buying a HUD home.

How Do I Apply for a HUD Home?

For finding the listings of HUD real estate-owned properties for sale, you can use the HUDhomestore. You can learn more about the property by clicking on the agent tab to find out contact information.