A home that has gone into mortgage default with a loan that is insured by the Federal Housing Administration (FHA) is referred to as a HUD Home. The Federal Housing Administration (FHA) is a part of HUD – the part that provides federal mortgage insurance. In other parts of the country, I have seen investors buy HUD homes for 80 percent of the list price in the first month. Check out the FHA website to learn more about this program and see if homes in your area qualify.
Nu Home Source Realty is here to help you avoid the countless hours of searching for HUD Homes for Sale in Dallas/Fort Worth. If after reading the following information you are interested in buying a HUD home, we encourage you to contact us to schedule a free evaluation to see if a HUD home is the right fit for you.
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