MORTGAGE SERVICES, INC.

Specializing in HUD Home Loans Since 1986

Log In  |  Contact Us  |  Help
WHAT IS A HUD HOME?

What is a HUD Home?
A HUD home is a 1 to 4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.

Who can buy a HUD Home?
Almost anyone! If you have the cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.

If you are an evacuee displaced by Hurricane Katrina, Rita or Wilma, HUD could sell a HUD home at a discount to you!

How are HUD Homes sold?
All HUD properties available for purchase by the public are offered for sale at Internet listing sites maintained by management companies under contract to HUD. Any real estate broker registered with HUD may submit an offer and contract to purchase on your behalf. HUD pays the real estate broker's commission, if included in the contract.

Are there any special programs?
Properties in designated areas are available at a reduced sales price to law enforcement officers, teachers, firefighters, emergency medical technicians, nonprofits and local governments. Read more about these Good Neighbor Initiatives.

Should I get a home inspection?
We encourage you to get an inspection after your offer is accepted. All HUD Homes are sold AS-IS, without warranty. HUD will not make repairs nor pay to correct any problems.

What about financing?
Although HUD does not offer financing directly you can apply for an FHA mortgage loan to purchase a HUD Foreclosure.

GET PREAPPROVED FOR AN HUD HOME LOAN

 

 

 

 

 

Better Business Bureau

                  Click for the BBB Business Review of this Mortgage Brokers in Waterbury CT

HUD NEWS
HUD Homes by Mortgage Services, Inc - NMLS # 2594
193 Grand Street 2nd Floor, Waterbury, CT  06702
Direct:  (800) 922-3210
info@tomortgageservices.com
Copyright © 2017 HUD Homes by Mortgage Services, Inc
Privacy Policy  | Security Statement  |  Site Map