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HUD HOMES
Good Neighbor Next Door Program
Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD's Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return you must commit to live in the property for 36 months as your sole residence.
HUD DOLLAR HOMES
HUD's Dollar Homes initiative helps local governments to foster housing opportunities for low to moderate income families and address specific community needs by offering them the opportunity to purchase qualified HUD-owned homes for $1 each. Dollar Homes are single-family homes that are acquired by the Federal Housing Administration (FHA) as a result of foreclosure.
NONPROFITS
The Federal Housing Administration (FHA) offers community and faith based nonprofit organizations the opportunity to purchase HUD homes at discounts up to 30%. With this discount, local nonprofit organizations invest in their communities through property rehabilitation and resell to first-time homebuyers and low to moderate income families
HUD Home Buying Process
What You Should Know
1) HUD Homes are Sold "As-Is" with No Warranties
2) HUD Homes do not follow State or City Codes
3) No Repairs or Moving into the Property Before Closing
4) You may not find all HUD Homes on the MLS
5) Not all HUD properties qualify for FHA financing
6) To make a bid on a HUD Home, you will need to use a HUD-registered Selling Broker (Alan Manz, Broker - 612-386-1431)
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