HUD homes are foreclosed properties previously backed by FHA loans, now sold by the U.S. government at discounted rates.
Any qualified buyer can purchase a HUD home, with first 30 days reserved for owner-occupants only.
Buyers must use a HUD-approved agent to submit offers; homes are sold as-is but come with various financing options.
Special HUD programs offer extra savings for civil servants, nonprofits, and communities needing affordable housing.
HUD homes offer solid investment potential with below-market prices, flexible financing, and opportunities to build equity.