Maya, a first-time homebuyer, was tired of being outbid by cash investors in a competitive market. Her real estate agent suggested looking at , noting that for the first 30 days of a new listing, HUD gives priority to owner-occupants over investors.
: Within 45 days, Maya signed the final papers. As an owner-occupant, she committed to living in the home for at least one year. Key Takeaways for HUD Buyers buying a house through hud
: HUD homes are sold "as-is," so Maya immediately ordered a professional home inspection . The inspection revealed a leaky roof, but because she had the 203(k) financing ready, she moved forward knowing she could fund the repairs. Maya, a first-time homebuyer, was tired of being
: She worked with a HUD-registered agent —a requirement for these sales—to browse HUDHomeStore.gov . They found a small bungalow marked "IE" (Insured Escrow), meaning it was eligible for the $100 Down Payment Program. As an owner-occupant, she committed to living in