What do I need to know about qualifying for a HUD home?

Answer by  NGoodson (3395)

You must meet very specific criteria to qualify for a HUD home and be able to prove your financial burden or hardship. You must be willing to submit yourself to some very invasive processes.

Answer by  flamiss22 (5081)

There are realtors who specialize in HUD homes. Perhaps you are thinking of the hud homes for one dollar if that is the case it will not work. Those homes are sold to cities and they determine who qualifies for them. Regular HUD homes usually are the ones in foreclosure and given back so HUD

Answer by  Dean (4035)

HUD maintains a website with information and FAQs for buyers of HUD-owned homes, as well as homebuyers who would like to take advantage of the various HUD programs. Each funding source has different requirements, so check with HUD for details for each.

Answer by  Jennk (388)

Everything you need to know about qualifying for a HUD home can be found on the US Department of Housing and Urban Development's website.