Included below are HUD Homes real estate listings in Indianapolis, IN. These Indianapolis IN HUD Home listings are updated daily from the Indianapolis BLC (MLS). Also, HUD homes are eligible for standard FHA 203(b) mortgages as well as FHA 203(k) rehab mortgages, if fixups are required. Prior to actually looking at homes or placing a bid, it is very important to be prequalified for a FHA or other mortgage by a local lender.
If you are searching for a Denver HUD home, give us a call and put our expertise in Denver HUD homes to work for you. The more repairs a HUD home needs, the better chance it will make it to the investor bid period, and uninsured homes are much more likely to be bought by investors.
If you contact HUD directly, they may not send you a list of properties, but they can send you a list of HUD authorized brokers in your area. It makes me feel HUD really didn’t want to sell this particular house to a live in owner/family that these types of HUD/Homepath/Homestep houses are suppose to be geared for.
In addition, an authorized HUD broker will receive lists of HUD properties before the general public does. By working through a few extra steps, following established policies, and doing their own home repairs, buyers have been able to secure quality homes in good neighborhoods at prices substantially below market rate.
Any individual regardless of race, color, sex, religion, national origin, handicap or familial status may purchase a HUD home. If you use your own closing agent, they must work with the HUD agent on some legal items. If you’re a teacher, law enforcement officer or fireman, EMT, or you work in local government or a non-profit, you can receive an extra discount on HUD and FHA homes if you buy them in designated Revitalization Areas.