HUD Homes
What is a HUD Home?
A HUD Home is a 1-4 unit single-family residence acquired as a result of a foreclosure on an FHA-insured mortgage. HUD Homes vary in price, location, and condition and are offered for sale at fair market value for anyone to purchase.
Owner occupant purchasers are given priority and there are many benefits to purchasing a HUD Home including:
HUD will pay up to 3% of buyers closing cost (must be negotiated in contract) – Owner Occupants Only
Low Earnest Money Deposit ($500, $1,000 or $2,000)
Owner Occupant priority bidding period
If FHA financing is used, termite inspection and treatment is paid by HUD. Any active infestation will be treated.
IE finance types have option of doing an FHA standard loan with escrow repair
FHA 203K owner occupant rehab loan option
If Condo or townhome, project approval is not required (only on HUD Homes)
Good Neighbor Next Door (GNND) program available in certain areas for eligible buyers. This enables Firefighters, EMT’s, Police, and Teachers to purchase homes for 50% off the property list price and with only a $100 down payment.
All homes listed on www.HUDHomestore.gov nationwide
Quick response to bids (typically within 24 hours from bidding deadline)
Sealed Bids
Interested in learning more or purchasing a HUD Home?
Contact me today to learn more about the HUD Home buying process or to submit a bid. I have listed and sold over 400 HUD homes and would be happy to guide you through the process.
Currently Available HUD Homes in Arizona
Interested in seeing what HUD Homes are currently available in Arizona? Follow the link below:
Click Here to View Current HUD Inventory in Arizona
Additional HUD Home Resources
Search all available HUD inventory
HUD's Asset Manager for Region 5S, 4S, 3S, 2D, 7A, and 6A - Alabama, Arizona, Arkansas, California, Georgia, Hawaii, Idaho, Kansas, Louisiana, Mississippi, Missouri, Nevada, Oklahoma, South Texas, and Tennessee.