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Are there any special programs available for HUD homes?

April 26, 2017homes HUD Programs special

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Are there any special programs available for HUD homes?

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Yes, HUD has a number of programs available. For one, in designated areas around the country HUD homes are available at reduced prices to law enforcement officers, firefighters, emergency medical technicians, teachers, nonprofit organizations and local governments. HUD also offers the 203(K) program designed to help new owners of HUD homes repair those homes through a loan that is repaid as part of their mortgage. This program is not available on all HUD homes in all areas, however, so buyers need to ask their real estate agent or broker if the program is available for the particular home they are interested in buying.