Foreclosure listings
All HUD home listings are foreclosure listings. A HUD home is a home which has had an FHA mortgage in place which has been foreclosed; the home reverts to being owned by the US Department of Housing and Urban Development (HUD).
In order for any foreclosure listings to qualify for HUD's $100 down payment program, they need to be owned by HUD. Foreclosure listings not owned by HUD may still be eligible for FHA mortgage financing, but with FHA's standard 3.5% down payment requirement (which would be $4,550 for a home priced at $130,000).
Because HUD requires that you use FHA mortgage financing in order to qualify for the $100 down payment program, some foreclosure listings are not available for $100 down. FHA underwriting guidelines are more strict when it comes to property conditions, so homes which are in worse condition may not meet these guidelines (for example, homes with paint chipping away).
Our foreclosure listings are organized by state. To see HUD home foreclosure listings in your state, click here.