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Houston HUD Homes

 
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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Bear Creek Hud Homes

Erion Shehaj - Friday, June 19, 2009

Single Family Home, 3 bed, 2 bath, 2 car garage built 2003
1713 SF
HUD Home located near TX 6 and W Little York


 BEAR CREEK, KATY HUD HOME, ASKING $90,000

ID# H1932


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Great Started Home in Spring

Erion Shehaj - Friday, June 19, 2009

Single Family Home, 3 bed, 2 bath, 2 car garage built 2005
1178 SF
HUD Home located near I-45 and 2920


 MEADOW HILL RUN, SPRING HUD HOME, ASKING $97,000

ID# H1935


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Beautiful Home in Katy - $102k

Erion Shehaj - Friday, June 19, 2009

Single Family Home, 4 bed, 2 bath, 2 car garage built 1977 
2107 SF
HUD Home located near I-10 and N Mason Rd.


CIMARRON, KATY HUD HOME, ASKING $102,000

ID# H1937


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Katy Hud Home only $109k

Erion Shehaj - Thursday, June 18, 2009

Single Family Home, 4 bed, 2.5 bath, 2 car garage built 2006 
2948 SF
HUD Home located near Fry Rd and Clay Rd

BRIDGEWATER MEADOW, KATY HUD HOME, ASKING $109,000

ID# H1938


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Sienna Plantation Home, Great Price!

Erion Shehaj - Thursday, June 18, 2009

Single Family Home, 3 bed, 2 bath, 2 car garage built 2003 
1445 SF
HUD Home located near TX-6 and Sienna Pkwy.


SIENNA PLANTATION, MISSOURI HUD HOME, ASKING $115,000

ID# H1939


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Pearland Hud Home

Erion Shehaj - Thursday, June 18, 2009

Single Family Home, 3 bed, 2 bath, 2 car garage built 1981 
1419 SF
HUD Home located near Pearland Prkway and Broadway


PARKVIEW, PEARLAND HUD HOME, ASKING $116,000

ID# H1940


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Linnfield Hud Home. Won't Last!

Erion Shehaj - Thursday, June 18, 2009

Single Family Home, 3 bed, 2 bath, 2 car garage built 2004
1896 SF
HUD Home located near FM 1960 and Mills Rd


LINNFIELD, HOUSTON HUD HOME, ASKING $130,000

ID# H1941


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Channelview Hud Foreclosure

Erion Shehaj - Thursday, June 18, 2009

Single Family Home, 3 bed, 2 bath, 2 car garage built 1977
1921 SF
HUD Home located near I-10 east and Sheldon Rd


 OLD RIVER AC, CHANNELVIEW HUD HOME, ASKING $102,000

ID# H1936


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Positive Rental Income in Ft. Bend

Erion Shehaj - Tuesday, June 16, 2009

Single Family Home, 3 bed, 2 bath, 2 car garage built 1983 
1626 SF
HUD Home located near TX-6 and Westpark


CLAYTON, HOUSTON HUD HOME, ASKING $63,000

ID# H1923


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Perfect starter hud home

Erion Shehaj - Tuesday, June 16, 2009

Single Family Home, 2 bed, 2 bath, 2 car garage built 1981 
1117 SF
HUD Home located near I-45 and Richey Rd


NORTH VIEW, HOUSTON HUD HOME, ASKING $59,000

ID# H1922


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Northwest Hud Home

Erion Shehaj - Tuesday, June 16, 2009

Single Family Home, 4 bed, 2.5 bathbuilt 1978 
2104 SF
HUD Home located near Kuykendahl and Cypresswood


CYPRESS VILLAS, SPRING HUD HOME, ASKING $54,000

ID# H1921


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Spring Duplex Deal

Erion Shehaj - Tuesday, June 16, 2009

Duplex Home, 2 bed, 1 bathbuilt 1983 
1048 SF
HUD Home located near Aldine Westfield and Cypresswood


SPRING RIDGE, HOUSTON HUD HOME, ASKING $39,000

ID# H1919


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East Houston Hud Home

Erion Shehaj - Tuesday, June 16, 2009

Single Family Home, 2 bed, 1 bath, 2 car garage built 1941 
1119 SF
HUD Home located near I-10 and Kress

 DENVER -  EAST HOUSTON HUD - ASKING $40,000
It may qualify for the $100 down payment.

ID# H1920


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Red Brick Morton Ranch HUD Home in North Katy

Erion Shehaj - Monday, February 02, 2009
Morton Ranch Government Foreclosure

Single Family Home, 4 bed, 2.5 bath, 2 car garage built 2005
2882 SF
HUD Home located near I-10 and Mason Rd


MORTON RANCH, KATY HUD HOME, ASKING $130,000

ID# H1919


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La Porte HUD Home - On the Auction Block

Erion Shehaj - Monday, February 02, 2009
Southeast Houston La Porte HUD Home

Single Family Home, 4 bed, 2 bath, 2 car garage built 1950
1743 SF
HUD Home located near 146 and W. Main


Unrestricted, LA PORTE HUD HOME, ASKING $76,000

ID# H1910


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FREQUENTLY ASKED QUESTIONS ON HUD HOMES

 

What is a HUD Home?

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?

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?

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.

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SPECIAL PROGRAMS AVAILABLE WITH HUD

 

The Good Neighbor Next Door Program (GNND)

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

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

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

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

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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