Click on the link below for a list of all AVAILABLE HUD Homes available in the area.This list is updated daly, so check back often.

 General Hud Listings

Any FHA Insured Financing, Except 203(k) - $4,000 Maximum

If deteriorated lead-based paint was identified in the Lead-Based Paint Inspection Report,
HUD will only perform stabilization, if the cost estimate is $4000.00 or less.  If the cost
estimate is greater than $4000.00, HUD at its sole discretion may: (1) cancel the sales
contract, or (2) allow the purchaser to amend the contract financing to FHA 203k or conventional.
In the event that HUD cancels the sale, the purchaser will be entitled to a 100% refund of
earnest money.

If the cost estimate is $4000.00 or less and the Purchaser is dissatisfied with the information
provided, the Purchaser may withdraw from the contract and receive a full refund of earnest
money by providing written notification to HUD of the intention to withdraw.  Written notification
must be postmarked by the latest of fifteen (15) calendar days from the date  the contract is
accepted by HUD or two (2) business days following the date of the Purchaser’s signature on the
supplemental Lead-Based Paint Disclosure Addendum.

If deteriorated lead-based paint was identified in the Report and the Purchaser does not exercise the
option to withdraw from the sales contract, HUD will stabilize the deteriorated lead-based paint in
accordance with the stabilization plan and obtain lead clearance by the close of the escrow period or
any extensions thereof.

FHA 203(k) Rehabilitation Mortgage Financing

The $4,000 maximum also applies to 203k credits at closing, as well. 

On a 203(k) loan, HUD will credit the buyer the lesser of the amount in the stabilization cost estimate with clearance testing or 10%
of the purchase price, but in either case, the total will be no greater than $4,000.

Upon contract execution HUD will procure a lead-based paint inspection and will deliver the Report to the
Purchaser by e-mail, along with a lead-basedpaint stabilization plan, if deteriorated lead-based paint is
found, and a supplemental Lead-Based Paint Disclosure Addendum.

If deteriorated lead-based paint was identified in the Report and the Purchaser does not exercise its
option to withdraw from the sales contract, the Purchaser shall stabilize the deteriorated lead-based
paint as part of its work plan for the property rehabilitation and shall obtain lead clearance before occupancy.