Mortgage Financing - HUD Information

HUD

If you have always thought that homeownership was out of your reach then you might want to learn more about the department of housing and urban developement. HUD helps people by administering a variety of programs that develop and support affordable housing.

Specifically, HUD plays a large role in homeownership by making loans available to families with lower and moderate income through its FHA mortgage insurance program and its HUD Homes program. HUD owns homes in many communities throughout the U.S. and offers them for sale at attractive prices and economical terms. HUD also seeks to protect consumers through education, Fair Housing Laws, and rehabilitation initiatives.

You can look in your local papers to find HUD homes or you can go to the HUD website to get more information.