If you are looking to purchase a HUD Foreclosure or a HUD Home in the Austin / Central Texas area, you've come to the right place!
PLEASE SELECT A COUNTY FROM THE MAIN MENU TO CHECK OUR CURRENT INVENTORY
While getting a mortgage pre-qualification is a good idea for general real estate, a mortgage conditional commitment letter is required by HUD prior to us submitting a bid on your behalf. Make sure your loan officer knows you are considering a HUD foreclosure as mortgages on HUD properties are very different from other mortgages.
If you have questions about HUD foreclosures, take a look at our FAQs section below. You can also contact one of our licensed real estate professionals by clicking on the "Contact" or "email us" link at the left side and top of the page respectively.
We look forward to working with you on your HUD home purchase!
PLEASE SELECT A COUNTY FROM THE MAIN MENU TO CHECK OUR CURRENT INVENTORY
While getting a mortgage pre-qualification is a good idea for general real estate, a mortgage conditional commitment letter is required by HUD prior to us submitting a bid on your behalf. Make sure your loan officer knows you are considering a HUD foreclosure as mortgages on HUD properties are very different from other mortgages.
If you have questions about HUD foreclosures, take a look at our FAQs section below. You can also contact one of our licensed real estate professionals by clicking on the "Contact" or "email us" link at the left side and top of the page respectively.
We look forward to working with you on your HUD home purchase!
FREQUENTLY ASKED QUESTIONS
What is a HUD home?
A HUD home is a one to four unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.
Who can buy a HUD home?
Almost anyone! If you have the cash or can qualify for a loan (subject to certain restrictions), you may buy a HUD home. HUD homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.
How are HUD homes sold?
All properties available for purchase by the public are offered for sale at Internet listing sites maintained by management companies under contract to HUD. We are a HUD registered real estate brokerage and can submit an offer and contract to purchase on your behalf. HUD even pays the real estate commission!
Are there any special programs?
Properties in designated areas are available at a reduced sales price to police officers, teachers, firefighters, emergency medical technicians, non-profits and local governments. Contact us to learn more about these Good Neighbor initiatives.
Should I get a home inspection?
We encourage you to get an inspection after your offer is accepted. All HUD homes are sold AS-IS, without warranty. HUD will not make repairs nor pay to correct any problems.
What about financing?
Although HUD does not offer financing directly, many of these homes qualify for financing.
What is a HUD home?
A HUD home is a one to four unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.
Who can buy a HUD home?
Almost anyone! If you have the cash or can qualify for a loan (subject to certain restrictions), you may buy a HUD home. HUD homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.
How are HUD homes sold?
All properties available for purchase by the public are offered for sale at Internet listing sites maintained by management companies under contract to HUD. We are a HUD registered real estate brokerage and can submit an offer and contract to purchase on your behalf. HUD even pays the real estate commission!
Are there any special programs?
Properties in designated areas are available at a reduced sales price to police officers, teachers, firefighters, emergency medical technicians, non-profits and local governments. Contact us to learn more about these Good Neighbor initiatives.
Should I get a home inspection?
We encourage you to get an inspection after your offer is accepted. All HUD homes are sold AS-IS, without warranty. HUD will not make repairs nor pay to correct any problems.
What about financing?
Although HUD does not offer financing directly, many of these homes qualify for financing.
TEAM512 specializes in real estate throughout the Austin Central Texas area and provides a level of service that's a step above what you might expect. If there is anything we can do to make your Central Texas Home Search more efficient and enjoyable, please contact us today!
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![]() Any home sales data appearing on this page is obtained from public record sources (or estimates, for non-disclosure states) as provided by Dash Realty llc. and does not comprise an appraisal or a Comparative Market Analysis (CMA). This information should not be used to replace a professional appraisal nor to determine the price of a particular property.
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