Anyone can buy a HUD home! If you have the cash or can qualify for a mortgage, you can buy a HUD home.

HUD homes range in price, but most are affordable for low- and moderate-income Americans.

You cant get a HUD home for a dollar. HUD sells homes at market value - that means that the price is set based on the price of similar homes sold in the area.

HUD Homes are sold "as-is," without warranty. That means that HUD will not pay to correct any problems. But even if a HUD Home needs fixing up - and not all of them do - it can be a real bargain! For example, HUD's asking price on the home will reflect the fact that the buyer will have to invest money to make improvements. HUD might offer special incentives such as an allowance to upgrade the property, a moving expense allowance, or a bonus for closing the sale early. And keep in mind that on most sales, the buyer can request HUD to pay all or a portion of the financing and closing costs. Your real estate agent will have details. We encourage you to get the home professionally inspected after your bid has been acknowledged on the web site.

To buy a HUD home start by finding a HUD-certified real estate agent. Your real estate agent must submit your bid for you, either by telephone or internet. Normally, HUD Homes are sold in an "Offer Period." At the end of the Offer Period, all offers are opened and, basically, the highest bid is accepted. If the home isn't sold in the initial Offer Period, you can submit a bid any business day.

After you bid is accepted your real estate agent will help you through the paperwork process. You'll be given a settlement date, normally within 30-60 days, where the transaction will occur. We have an excellent booklet to help you understand the settlement process: "Buying Your Home - Settlement Costs and Helpful Information." When you buy a HUD Home, the selling agent's commissions are usually paid by HUD. HUD will pay a sales commission of up to 5%.

Right here you can find out what HUD homes are for sell! If you see one that interests you, contact one of the real estate agents in your area who show HUD homes. They can help you from there.

HUD doesn't make loans directly. But they do have a number of mortgage insurance programs that could help you buy a home. Then contact a HUD approved lender, who will take you through the steps and actually make the loan.

Most HUD Homes are initially offered on a priority basis to owner occupant purchasers (people who are buying the home as their primary residence). Following the priority period, unsold properties are then available to all buyers, including investors.

We encourage every homebuyer and homeowner to be a wise consumer, so be sure to read HUD's Consumer Information. Houses built before 1977 may have lead based paint, which can cause harm to your family; so be sure to read about this hazard and about what you would need to do to correct it.