Introduction to HUD Homes

What's New HUD Announces FHA "First Look" Sales Method for Eligible NSP Purchasers HUD Secretary Shaun Donovan today announced a new Departmental initiative that gives state and local governments and nonprofit organizations participating in HUD's Neighborhood Stabilization Program (NSP) preference to acquire homes from the Department's inventory of foreclosed properties, commonly known as "HUD homes." Details of the FHA First Look Sales Method will be published this week as a Notice in the Federal Register.   FHA NSP First Look Federal Register Notice, July 2010   HUD First Look Press Release, July 12, 2010   M&M II First Look Sales Procedures (REV. July 19, 2010)   NSP Homepage   NSP Resource Exchange M&M III   Read about HUD's Mortgagee Compliance Manager FHA Issues Property Flipping Waiver Related Information   FHA Single Family Housing   FHA Nonprofit Resources   FHA Mortgage Insurance Programs   FHA Homeownership Centers   FHA National Servicing Center   FHA Information for Homeowners   Real Estate Settlement Procedures Act (RESPA)   FHA Real Estate Brokers and Lenders   FHA Real Estate Listings   FHA Handbooks   FHA Mortgagee Letters   FHA Management and Marketing (M&M) Contractors   Preservation and Protection   Single Family Acquired Asset Management System (SAMS) User Guide   FHA Frequently Asked Questions Want More Information? If you are a Housing Industry Professional, Subscribe to the Single Family Housing email list. You will get frequent, training and event announcements, mortgagee letters, Grant programs, FHA mortgage limits and notices about your Single Family business.

The Federal Housing Administration (FHA), which is a part of the Department of Housing and Urban Development (HUD), provides federal mortgage insurance ensuring that mortgage lenders will be reimbursed in the event homebuyers default on the mortgage. When a lender is forced to foreclose on an FHA-insured single family home, townhome, or condominium because the owner can no longer make payments, it can file a claim with FHA for the balance due on the mortgage and convey title of the property to HUD. A HUD Home, therefore, is a one-to-four unit residence acquired as a result of a foreclosure on an FHA-insured mortgage.

The following links and web pages provide information about the process through which HUD homes can be purchased and resold. Additional links provided in the menu to the right provide access to FHA program and policy information for homeowners, homebuyers, and members of the mortgage lending and real estate industries.

 FHA Loss Mitigation Programs and Events

 How To Sell a HUD Home

 How To Buy a HUD Home

 Revitalization Area Discount Sales Programs