Save money when purchasing a HUD home. 


Gina Harris is your local designated HUD broker. Please click Here for inventory selection and bidding information OR give me a call @ (928)704-7653.


People often ask "What is a HUD home?"


  • A HUD home is a property with an FHA insured mortgage that has gone into default. The lender acquires the property, submits FHA insurance claim, and then conveys ownership to the U.S. Department of Housing and Urban Development (HUD). HUD will then sell the home through their Asset Manager(AM), BLB Resources. A HUD home can be a single family residence (SFR), townhouse, condominium, mobile home or multiple family attached home up to 4 units. 

"What is FHA Financing?"

  • HUD homes may always be purchased using cash, conventional, or other special financing. However, FHA offers financing options that are tailored to HUD Homes. There are many variables that are taken into consideration when the disposition of a property is created. the condition of the property as reflected in the FHA-approved appraisal and the Property condition Report (PCR) weigh heavily in determining its insurability. Once the disposition of the property has been established, the property is initially listed at the as-is appraised value and will reflect the financing acronym that is appropriate. It is vital the real estate agents have a clear understanding of the FHA financing types, and the corresponding acronyms. 

"How can I buy a HUD Home?"

  • If the buyer is financing the purchase or a HUD Home, HUD first requires the buyer to be pre-approved from a mortgage in an amount sufficient to purchase the property. If the buyer is paying cash, the buyer must provide verification of funds. Once the buyer has obtained a pre-approval or verification of funds, the buyer should find a HUD Registered Agent, who can help the buyer find an appropriate property and submit a bid on it. All buyers must submit their bids online through a registered real estate agent. 

In typical real estate transactions, the buyer finds the home they like and their real estate agent presents their offer to the seller, who may counter the offer. The buyer and seller nay negotiate until mutually agreeable terms are reached or until they reject the terms and move on. When purchasing a HUD home, there are no negotiations between the buyer and seller. HUD homes are sold by a sealed bidding process, where all interested buyers submit their best offer online and usually the highest netting bid (after all costs are paid) wins the sale. 


For added information on HUD properties:

Financing your HUD home Wells Fargo

NMLSR ID #418668






If you need any further information please feel free to Contact Me.