The Housing and Urban Development (HUD) was designed  to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination, and transform the way HUD does business.

 

HUD homes are a result of a insured FHA mortgage resulting in a foreclosure.  HUD homes popularity is largely due to the fact that in many cases they are priced 10 to 20% below the market values and the fact that HUD offers to contribute up to 3% towards the  buyers closing cost.

 

HUD also offer special programs for Teachers, Law enforcement officers, fire-fighters & EMT's.  This program allows qualified buyers homes for 50% of appraised values, this is the Good Neighbor Next Door program.  For more information please contact us.