Can HUD help me buy a home, if I don’t have much money?
Answer: Helping people become homeowners is one of the most important things HUD does. Here are some suggestions:
- Start by reading our "homebuyer's kit"- particularly the part about the federal mortgage programs that can help people buy homes. HUD's FHA has many mortgage insurance programs that can help first-time homebuyers. Also, be sure to read about buying a HUD home - they can be very good deals!
- Contact one of the HUD-approved housing counseling agencies. They can help you sort through your options.
- Call your local office of housing and community development or your mayor's office to see if there are any local homebuying programs that could help you.
Who do I talk to about an FHA mortgage?
Answer: You'll need to talk to a HUD-approved lender and ask them about FHA mortgages.Contact our FHA Resource Center at firstname.lastname@example.org or by phone at 1-800-CALLFHA for information about FHA mortgages.
Contact a housing counseling agency (http://www.hud.gov/counseling) to see if there are any other other financing options that might work for you.
Who can I talk to about buying a home if I don't know if it's a good idea for me?
Answer: There are HUD-approved housing counseling agencies that can help you decide whether buying a home is right for you. Contact one in your area.
How do I know if I qualify for a mortgage?
Answer: There are many different kinds of mortgages available, and qualification requirements vary. The best thing for you to do is shop around - talk to two or three local lenders to find out what kinds of mortgages they have available that could fit your situation. There are a number of mortgage calculators online that can give you some idea about your ability to qualify for a mortgage. HUD offers a good calculator, in our "homebuyers kit." You also might want to contact a housing counseling agency. They may be able to direct you to the kinds of mortgage programs that might fit your needs.
How can I find out more about Officer Next Door and Teacher Next Door programs?
Answer: Teacher Next Door and Officer Next Door have been combined into Good Neighbor Next Door.
Does HUD have any information about buying a manufactured home?
Answer: We have lots of great information about manufactured homes in our "homebuyer's kit" and frequently asked questions about manufactured housing.
As a Veteran, should get a VA Loan or Conventional Loan?
More information about homebuying.