Homeownership Assistance

The Department of Housing and Urban Development (HUD) offers homeowners assistance for residents in need of advice, housing education or financial assistance when purchasing homes.

Each homeownership assistance program available through HUD can benefit prospective homebuyers.

For instance, FHA loans provide buyers with more favorable financing options.

Learning how to get a FHA loan is important for homebuyers because the credit qualifications may be less strict than traditional loans.

Potential homebuyers who meet FHA loan eligibility requirements may also be offered lower monthly interest rates and may be responsible for a lower down payment when compared to other loan options.

It is important for homebuyers to review FHA loan qualifications and what makes the loan different than traditional options before purchasing homes in the state.

Housing counseling is offered through the HUD department for free or at a reduced cost.

Housing counseling services are available through approved agencies throughout the state to assist potential homebuyers before they make big purchases that can affect their financial futures.

Residents can talk to a housing counselor if they are considering refinancing their homes or buying new homes.

First time home buyer programs are also available to those interested in becoming a homeowner.

Information on home buying counseling should be reviewed by residents who need instruction, advice or a second opinion before making a housing-related decision.

HUD also handles housing discrimination complaints to ensure the housing industry offers equal treatment and opportunities to all residents.

Homebuyers and renters may need to learn how to file a housing discrimination complaint if they feel lenders, property managers or home sellers discriminated against them during transactions.

There are many types of housing discrimination that HUD will investigate.

HUD homes are listed at affordable prices, often less than comparable properties.

Potential homebuyers can learn how to buy HUD homes and the process for making an offer.

Residents who buy a home from HUD are purchasing a FHA-insured home that was foreclosed upon.

To learn where to find an HUD home and to review additional homeownership assistance services provided by the department, review the information provided in the below sections.

FHA Loans

FHA loans are a beneficial way for first-time homebuyers to finance their purchases because they offer several advantages when compared to other traditional loan options.

Potential homebuyers should review how to get a FHA loan, including the eligibility criteria of the loan, when looking into financing opportunities for their new homes.

When learning how to apply for a FHA loan , potential homebuyers will find out that a FHA lender is a helpful resource for housing counseling.

After reviewing the FHA loan eligibility guidelines, potential home buyers should analyze their financial situations, including their credit scores and savings for potential down payments, to ensure they will qualify for this type of loan.

Information on a FHA loan is offered through the Department of Housing and Urban Development, and the department also assists homebuyers in locating FHA-approved lenders in the community. Read More

Housing Counseling

Housing counseling is sponsored by the Department of Housing and Urban Development (HUD) and is offered for free or at a reduced cost to residents.

There are many housing counseling services available to homebuyers, homeowners and renters to ensure they make the proper purchasing, refinancing or renting decisions to maintain financial stability.

Residents can talk to a housing counselor through the HUD counseling program to receive expert advice on their personal financial goals and housing situation.

Using extensive housing counseling agencies throughout the state, residents can locate a convenient and helpful agency with counselors to assist them on the road to purchasing, refinancing or renting a home.

First-time homebuyers are encouraged to receive home buying counseling from free or reduced cost agencies sponsored by HUD because they can learn about the buying process and how it will affect their monthly expenses and financial future. Read More

How to File a Housing Discrimination Complaint

Residents may need to file housing discrimination complaints with the Department of Housing and Urban Development (HUD) if they feel their rights have been violated.

Each resident should learn how to file a housing discrimination complaint if the Fair Housing Act is violated while looking for new housing or refinancing existing housing.

There are many types of housing discrimination that can take place during any home buying, financing or renting transaction, so residents should learn about their rights before interacting with housing industry professionals.

Learning about housing discrimination rights through the Fair Housing Act is also important for residents who may need to interact with a mortgage lender, home seller, landlord or property manager in the future.

In addition to providing housing counseling, HUD will follow the housing discrimination complaint process after a resident submits a complaint.

Housing discrimination complaints can be made by residents who feel they have been treated unfairly or have been discriminated against during a housing transaction. Read More

How to Buy an HUD Home

HUD homes are available through the Department of Housing and Urban Development (HUD) Homestore website.

Prospective homebuyers should review how to buy HUD homes because they are available to all buyers who qualify.

Residents who choose to buy a home from HUD can usually get a great price because HUD homes are often listed at below market value.

Residents can learn where to buy an HUD home by visiting the HUD Homestore online or driving around local areas looking for signs that indicate “HUD Home For Sale.”

Since there are several advantages of buying a HUD home, potential homebuyers should review the HUD home buying process and their responsibilities in the transactions. Read More