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What is a HUD home? Learn how these homes end up on the market and what buyers need to know before making an offer.
The number of newly-built homes sitting on the market hit levels not seen since the Great Recession.
Many financial professionals will suggest spending less than 30% of your gross income on housing expenses, including a mortgage payment and utilities.
Part of what the organization offers are HUD-approved housing counseling ensuring that eligible clients receive expert, reliable guidance throughout a homeownership journey.
HUD competes for buyers alongside normal homeowners and investors who are also trying to sell their properties, so they typically price properties at or below market value.