Contact HUD at the number shown below for a listing of nationwide HUD contractors. Generally, anyone who has a satisfactory credit rating, enough cash to close the loan, sufficient, steady income to make the monthly payments without difficulty, and who will live in the home can be approved for an FHA insured mortgage.
Income is only one of several factors that apply in the lending process.
Interested buyers should contact their lender for more information. This program is excluded from coverage under E.O. 12372. HUD homes are managed and marketed by private contractors in different geographical areas. Contact HUD at the number shown below for a listing of HUD contractors nationwide. The contractors list all HUD homes for sale on their individual Internet website.