Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How does HUD help homebuyers and homeowners?

April 26, 2017help homebuyers homeowners HUD

0

Posted

How does HUD help homebuyers and homeowners?

1 Answer

0

Posted

HUD helps people by administering a variety of programs that develop and support affordable housing. Specifically, HUD plays a large role in homeownership by making loans more readily available for lower and moderate income families through its FHA mortgage insurance program and by making HUD Homes available. HUD/FHA does not make loans or grants to homeowners. All of the HUD/FHA insured mortgage loan programs are handled through HUD-Approved mortgage lenders. You may find the list of HUD-Approved Lenders at our website. You can search for lenders in your area. The mortgage lender takes the loan application and handles all the required paperwork for the loan.