What Are HUD Homes?

HUD homes are homes that the mortgage was insured by one of two government entities: FHA or HUD. The homeowner doesn't make their mortgage payments and the home is foreclosed on by the lender that was insured.  HUD then puts the home back on the market at a fair market value based on condition and area home sales.  These homes are sold "AS IS" and no repairs will be made.  So, what you see is what you get.  For this reason, it is strongly encouraged that you have a home inspection performed by a qualified, licensed inspector.

Do I Need a Realtor to Offer On HUD Homes?

Yes. Any Hartsock Realty Agent can assist you in previewing or making an offer on a HUD home anywhere in Ohio. Just contact us to set up an appointment today. 

How Do I Get Financing to Buy a HUD Home?

Check with a Hartsock Realty Agent. They will be able to provide a list of local FHA approved and conventional lenders offering financing. 

 

Click Here to Search HUD Homes in Ohio

 

NEW LISTINGS are posted every Friday by HUD. 

So be sure to bookmark our website and check back often.

HOMEBUYER INCENTIVES ANNOUNCED!

 Take Advantage of BIG Incentives when you Purchase HUD Homes with FHA Financing

(For OWNER OCCUPIED homes ONLY):

  • $100 Down Payments! Purchase a HUD home with FHA-insured financing for low down payments.
  • Huge Sales Allowances! Purchasers using FHA Financing will receive $2,500 at closing to use on repairs, closing costs, or to lower their mortgage amount. Not using FHA financing? You'll still get $1,000 to assist in paying closing costs!