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Houston HUD Homes
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The following Houston HUD Homes are the most recent government foreclosure properties available presented by the professionals at Signature Real Estate. We update this site weekly with new Houston HUD Home deals as they become available in the government foreclosure market. If you are interested in any of these properties for investment or for yourself click "Request More Information", fill out the simple form and a real estate consultant will contact you to schedule a showing or answer any questions you may have. These properties are available for purchase ONLY and most can be financed with small down payments (as low as $100) through government insured loans. HUD Homes qualify for $8,000 Tax Credit for First Time Homebuyers
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Erion Shehaj - Friday, June 19, 2009
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Single Family Home, 3 bed, 2 bath, 2 car garage built 2003
1713 SF HUD Home located near TX 6 and W Little York
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ID# H1932
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Erion Shehaj - Friday, June 19, 2009
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Single Family Home, 3 bed, 2 bath, 2 car garage built 2005
1178 SF HUD Home located near I-45 and 2920
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ID# H1935
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Erion Shehaj - Friday, June 19, 2009
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Single Family Home, 4 bed, 2 bath, 2 car garage built 1977
2107 SF HUD Home located near I-10 and N Mason Rd.
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ID# H1937
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Erion Shehaj - Thursday, June 18, 2009
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Single Family Home, 4 bed, 2.5 bath, 2 car garage built 2006
2948 SF HUD Home located near Fry Rd and Clay Rd
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ID# H1938
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Erion Shehaj - Thursday, June 18, 2009
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Single Family Home, 3 bed, 2 bath, 2 car garage built 2003
1445 SF HUD Home located near TX-6 and Sienna Pkwy.
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ID# H1939
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Erion Shehaj - Thursday, June 18, 2009
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Single Family Home, 3 bed, 2 bath, 2 car garage built 1981
1419 SF HUD Home located near Pearland Prkway and Broadway
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ID# H1940
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Erion Shehaj - Thursday, June 18, 2009
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Single Family Home, 3 bed, 2 bath, 2 car garage built 2004
1896 SF HUD Home located near FM 1960 and Mills Rd
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ID# H1941
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Erion Shehaj - Thursday, June 18, 2009
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Single Family Home, 3 bed, 2 bath, 2 car garage built 1977
1921 SF HUD Home located near I-10 east and Sheldon Rd
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ID# H1936
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Erion Shehaj - Tuesday, June 16, 2009
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Single Family Home, 3 bed, 2 bath, 2 car garage built 1983
1626 SF HUD Home located near TX-6 and Westpark
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ID# H1923
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Erion Shehaj - Tuesday, June 16, 2009
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Single Family Home, 2 bed, 2 bath, 2 car garage built 1981
1117 SF HUD Home located near I-45 and Richey Rd
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ID# H1922
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Erion Shehaj - Tuesday, June 16, 2009
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Single Family Home, 4 bed, 2.5 bath, built 1978
2104 SF HUD Home located near Kuykendahl and Cypresswood
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ID# H1921
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Erion Shehaj - Tuesday, June 16, 2009
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Duplex Home, 2 bed, 1 bath, built 1983
1048 SF HUD Home located near Aldine Westfield and Cypresswood
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ID# H1919
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Erion Shehaj - Tuesday, June 16, 2009
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Single Family Home, 2 bed, 1 bath, 2 car garage built 1941
1119 SF HUD Home located near I-10 and Kress
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ID# H1920
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Erion Shehaj - Monday, February 02, 2009
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Single Family Home, 4 bed, 2.5 bath, 2 car garage built 2005
2882 SF HUD Home located near I-10 and Mason Rd
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ID# H1919
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Erion Shehaj - Monday, February 02, 2009
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Single Family Home, 4 bed, 2 bath, 2 car garage built 1950
1743 SF HUD Home located near 146 and W. Main
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ID# H1910
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FREQUENTLY ASKED QUESTIONS ON HUD HOMES
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What is a HUD Home?
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| The United States Department of Housing and Urban Development (HUD) oversees the Federal Housing Admin (FHA), which provides federal insurance against default on home mortgages. If the payments are not made on an insured FHA loan, the lender forecloses then files an FHA insurance claim for the unpaid loan balance, and gives title to the property to HUD. At this point, the house becomes a HUD owned home. Then HUD's real estate contractors begin the process of working to maintain and sell the properties according to HUD guidelines. |
Who can buy a HUD Home?
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| Any qualified purchaser can offer to buy a HUD home, regardless of race, color, religion, sex, national origin, handicap, or familial status. Before making an offer, prospective buyers must have a letter, written on the stationary of a mortgage lender, stating that they have been pre-qualified for the loan needed. Buyers paying cash must provide proof of available funds |
Who can sell a HUD Home?
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| Currently, only licensed HUD registered real estate brokers, and the agents associated with them can show and submit offers on HUD owned properties. All HUD homes are sold by electronic bid. Only licensed brokers/agents that are registered with HUD may place an offer on behalf of their buyers. Signature Real Estate is a HUD approved real estate brokerage.
Back to Properties
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SPECIAL PROGRAMS AVAILABLE WITH HUD
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The Good Neighbor Next Door Program (GNND)
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Designed to attract public servants to designated communities where they can purchase homes in neighborhoods in which they serve. This program makes homeownership more available and affordable to these particular individuals. Public servants under this program serve as resident role models and ensure the safety and well-being of residents in those communities where help is needed to promote safe neighborhoods and stronger educational opportunities.
Participants are offered up to a 50% discount on HUD-owned, single-family homes under the Direct Sale Program in designated revitalization areas. It is necessary for the participants of this program to utilize the assistance of a real estate professional. HUD requires these buyers to take advantage of the knowledge and expertise that an experienced real estate agent has to offer.
Applicants interested in the program are allowed to submit an intent to purchase during a restricted offer period, which is five days before the property is listed to the general public to receive the appropriate discount. Participants are required to own and use this property as their sole primary place of residence for at least 36 months. |
Law Enforcement Officer HUD Program
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| Eligible participants under the Law Enforcement Officer program are employed full time by a law enforcement agency of the federal government, a state, unit of general local government, or and Indian tribal government. In carrying out such full-time employment, the person is sworn to uphold and make arrests for violations of the federal, state, tribal, county, township or municipal laws. |
Teacher HUD Program
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| Eligible participants under the Teacher program are employed full-time by a state accredited public or private school that provides direct services to students in grades pre-kindergarten through 12. The public or private school where the person is employed as a teacher serves students from the area where the home is located in the normal course of business. |
Firefighter and Emergency Medical Technician HUD Program
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Eligible participants under the Firefighter and Emergency Medical Technician program are employed full-time by a fire department or emergency medical responder unit of the federal government, a state, a unit of general local government or and Indian tribal government serving the area in which the home is located.
Other qualifying criteria include:
All participants employers must certify that the applicant meets HUDs eligibility definition for participation and is an employee in good standing.
Married couples are eligible for both programs, but can purchase only one home under either program.
Single-family homes are the only properties available for sale in the program.
Earnest money deposit is required of 1% of the list price, but no less than $500.00 and no more than $2,000.00. |
Non-profit agencies HUD Programs
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Have the opportunity to partner with HUD to rebuild their communities by utilizing the Single Family Property Disposition Discount Sales Program. The Direct Sales Program allows for uninsured single family properties in a non-profits geographical area, that do not meet FHA insured financing requirements, to be purchased for a discount by that non-profit agency. With discounts of up to 30%, non-profits can purchase, rehabilitate, and resell these HUD properties to low to moderate-income families and first-time homebuyers. Non-Profits that are qualified by HUD, may only bid on and purchase properties in their designated geographical approved zip code area (Areas of Interest) during the Lottery Period under the Direct Sales program. These organizations may also participate in the bidding process when the property is being offered to the general public as well.
The following discounts are available at closing:
For Uninsured properties located in revitalization areas in their geographical area, a 30% discount
For Uninsured properties not located in revitalization areas, a 10% discount, or a 15% discount if five or more properties are purchased and closed simultaneously |
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