Are HUD Homes a Good Deal? How to Tell If the Properties Are a Fit
HomeLight
SEPTEMBER 30, 2020
The name comes from the US Department of Housing and Urban Development (HUD). The mortgage insurance protects lenders in case the buyer defaults on the loan, allowing those lenders to serve more borrowers. If a borrower defaults on an FHA mortgage loan and the lender forecloses the home, HUD will take ownership of the home.
Let's personalize your content