HUD Home Store 101

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Many people are having trouble finding affordable housing. This is where the United States Department of Housing and Urban Development (HUD) can help. HUD offers a number of solutions and resources to help people locate homes that they can afford. One of these solutions is the HUD Home Store. It’s basically a government website that provides information on various housing options. Surprisingly, a lot of individuals are unaware of this program and how they can benefit from it.

The HUD Home Store Offers a Variety of Properties

A user can expect to come across three main types of properties on this website. This includes the following:

  • HUD-approved foreclosed housing listings
  • Homes from Good Neighbor Next Door (GNND) 
  • Housing Options for $1 

HUD Foreclosed Homes

The website offers several housing choices. However, foreclosed HUD properties may be the ones to get the most attention. They are properties ranging from one to four units that are offered due to foreclosure. Additionally, there should be a specific type of mortgage involved in the foreclosure, namely, a mortgage that is FHA-insured. 

Basically, lenders are kept safe from potential losses through FHA-insured mortgages. A division of HUD is the Federal Housing Administration (FHA). Thus, when a mortgage with FHA insurance goes into foreclosure, HUD will take ownership of the home. Next, they will sell it in an attempt to make up for any losses they have experienced.

The Process of Selling These Properties

Generally, a purchase agreement for the featured homes on the website may be submitted by a real estate broker. These real estate brokers must be registered with HUD. Simply put, brokers are hired because they have a certain level of expertise and understanding of the local housing and real estate markets. Additionally, there is not enough staff at HUD to properly market properties to interested buyers. Thus, the staffing shortage makes it difficult for HUD to provide assistance with various home-buying-related issues that are typically managed by brokers. 

Understanding the Current State of These Homes

These residences are sold “as-is” because they are offered as a consequence of foreclosure. Therefore, HUD is not liable for any necessary maintenance or losses to the property. As a result, these modifications and renovations will be the homebuyer’s liability.

Homes from Good Neighbor Next Door (GNND) 

The Good Neighbor Next Door (GNND) program is a housing assistance option offered by HUD. People who meet the requirements and work in a job that is eligible can receive aid from this program. These are the individuals who are:

  • Law Enforcement Officers
  • Pre-k teachers to 12th-grade teachers
  • Firefighters
  • Emergency Medical Technicians (EMTs)

This program may offer a 50% price reduction off the asking price of an eligible property in a revitalization area. Nevertheless, in order to take advantage of this reduction, the purchaser of the property must reside there as their main home for at least 36 months.

People who want to take advantage of this program can do so by browsing the HUD home store online. However, there are only a few properties available on the website. Furthermore, the homes on the site will change every week. The reason for this is that homes offered through the HUD store for this program are only on sale for this time period. 

Let’s say more than one person expresses interest in a home. In this case, a lottery will be used to determine the selected person. Additionally, according to the occupation of a person, there are particular criteria that must be fulfilled to be eligible. 

The Qualifications Needed for This Program

Based on the job title, different qualifications are needed from applicants. Thus, according to the following professions, varying qualifications apply:

  • Teachers
  • Firefighters or Emergency Medical Technicians (EMTs)
  • Law Enforcement Officers


A teacher can only be eligible if they:

  • Work in the neighborhood where the home they wish to move into is located.
  • Hold a full-time teaching position with a private or state-accredited public school that primarily educates kids in grades pre-kindergarten through twelfth grade.

Firefighters or Emergency Medical Technicians (EMTs)

A firefighter or EMT can only be eligible if they:

  • Work in the neighborhood where the home they wish to move into is located.
  • Hold a full-time position with a fire department or emergency medical services responder unit as a firefighter or EMT.

Law Enforcement Officers

A law enforcement officer can only be eligible if they:

  • Work in the neighborhood where the home they wish to move into is located.
  • Are obligated by oath to protect the law and to make arrests when those laws are broken.
  • Work full-time at a law enforcement agency for a local government, the federal government, a state government, or an Indian Tribal government.

Housing Options for $1 

Because of HUD, local governments have the opportunity to purchase these kinds of homes. Basically, local governments can provide inexpensive housing to individuals in need since these governments have the chance to buy eligible homes for $1. Generally, these properties are the outcome of a foreclosure. 

How does it work? The home must be up for sale for at least six months and have a maximum market value of $25,000. Then, the property will be available for purchase by local governments for $1. When local governments acquire these homes, they can make necessary repairs and use the property to provide eligible people with inexpensive housing. These inexpensive homes are offered by local governments in collaboration with nonprofit local homeownership organizations or existing programs.


People considering their home-buying options have a wide range of choices to take into account. The HUD Home Store is a fantastic option to look into. The United States Department of Housing and Urban Development is to be credited for making this website accessible to those looking to get a property. There are different types of homes that you can come across including:

  • HUD-approved foreclosed housing listings
  • Homes from Good Neighbor Next Door (GNND) 
  • Housing Options for $1 

People who are interested really need to explore all the available options because they may just find exactly what they are looking for! 

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