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Maine Real Estate

What is a HUD Home?

A single, Multy Family or any other type of residence which has been deeded back to HUD by the mortgage companies who foreclosed on an FHA Insured Mortgage in return for the FHA Insurance benifts.

Who Can Buy a HUD Home?

Anyone can buy a HUD home, have a verifiable amount of cash for the purchase or pre-approved for a mortgage.

HUD homes are for sale at market value and can only be bought through a REALTOR approved by the U.S. Department of Housing and Urban Development. Bids can be submitted any day of the week. All submitted bids are reviewed, the highest net bid is accepted. If there is no acceptable bid, the home becomes open to new bidding until sold

A real estate agent must submit your bid for you. HUD Homes are sold in an "Offer Period." At the end of the Offer Period, all offers are review and, the highest reasonable bid is accepted. If the home isn't sold in the initial Offer Period, you can submit a bid until the home is sold. Bids can be submitted any day of the week, including weekends and holidays. If your bid is acceptable to HUD, your real estate agent will be notified, usually within 24 hours.

Buy a HUD Home Article

Home Loan for HUD Homes

HUD does not provide home loans. FHA Home Loans HUD will insurance the mortgage under the FHA Home Loan Program

Home Loans For VA Properties

VA Vendee Financing Program. Vendee Financing If buying a VA-owned property VA Vendee Financing may be an option

Home Loans for Bank REO

No Money Down Conventional Mortgage. Zero Down Programs If buying a No Money Down Zero Down Payment Financing may be an option

Bad Credit Mortgages

Home loans with bad credit are realistic with our national loan officer network! Our loan officers provides fast online home loan approvals for people who have bad credit every day and you can be next. Bad credit home loans is our specialty and quite frankly our loan officers are some of the best special finance officers you can have on your side!

First Time Homebuyer

Owning a home can be a significant first step in attaining financial independence. We can help you eliminate rent payments, build equity, and feel the personal satisfaction of calling a home your own.

HUD Property Listings