Federal mortgage insurance to finance homeownership and the construction of housing.
www.hud.gov/offices/hsg/sfh/ins/203b--df.cfm
202-708-1112
US Department of Housing and Urban Development
451 7th Street, SW
Washington, DC 20410
Federal mortgage insurance to finance condominium homeownership.
www.hud.gov/offices/hsg/sfh/ins/234c--df.cfm
202-708-1112
US Department of Housing and Urban Development
451 7th Street, SW
Washington, DC 20410
The American Dream Downpayment Fund builds upon an existing program-the HOME program-which helps communities across the country expand the supply of decent affordable housing. Through the existing flexibility of the HOME program, grants will be awarded to state and local governments to assist eligible families with closing costs and downpayments. Opportunities for low- and moderate-income families looking to purchase their first homes will multiply.
www.hud.gov/offices/cpd/affordablehousing/programs/home/addi/index.cfm
202-708-1112
The Teacher Next Door program encourages teachers to buy homes in low- and moderate-income neighborhoods by offering a 50 percent discount from the list price.
www.hud.gov/offices/hsg/sfh/reo/goodn/tnd.cfm
202-708-1112
The Officer Next Door program makes homeownership faster and more affordable for Law Enforcement Officers. The selected bidder may purchase the property at a 50 percent discount from the list price.
www.hud.gov/offices/hsg/sfh/reo/goodn/ond.cfm
202-708-1112
If you are a participant in the Housing Choice Voucher program and receive rental assistance, you may be eligible to received monthly assistance in meeting homeownership expenses.
www.hud.gov/offices/pih/programs/hcv/homeownership/
202-708-1112
HUD sells one- to four-family Federal Housing Authority (FHA) properties in a manner targeted to expanding homeownership opportunities.
www.hud.gov/offices/hsg/sfh/reo/reo_home.cfm
202-708-1112
The HomeSales.gov web site provides current information about foreclosed federally-insured single-family homes for sale by the U.S. Federal Government. These previously owned homes are for sale by public auction or other methods depending on the property, and are sold "as is" in their current condition. Anyone can buy a home for sale by the U.S. Government, but you must work with a real estate agent, broker or servicing representative to submit an offer or bid. Currently, the U.S. Departments of Housing and Urban Development (HUD), Agriculture (USDA/Rural Development), and Veterans Affairs (VA) have homes listed on this site.
www.HomeSales.gov
202-708-1112
Mortgage insurance to finance the rehabilitation of one- to four - family properties.
www.hud.gov/offices/hsg/sfh/203k/203k--df.cfm
202-708-1112
These loans are made by a lender, such as a mortgage company, savings and loan, or bank. VA's guaranty on the loan protects the lender against loss if the payments are not made, and is intended to encourage lenders to offer veterans loans with more favorable terms. The amount of the guaranty on the loan depends on the loan amount and whether the veteran used some entitlement previously. With the current maximum guaranty, a veteran who hasn't previously used the benefit may be able to obtain a VA loan up to $240,000 depending on the borrower's income level and the appraised value of the property. The local VA office can provide more details on guaranty and entitlement amounts.
www.homeloans.va.gov
202-273-7330
Department of Veterans Affairs
Loan Guaranty Program
810 Vermont Avenue, NW
Washington, DC 20420
Mortgage insurance to purchase or rehabilitate housing in older declining urban areas.
www.huduser.org/whatsnew/ProgramsHUD.pdf
202-708-1112
Federal mortgage insurance for adjustable rate mortgages.
www.hud.gov/offices/hsg/sfh/ins/251--df.cfm
202-708-1112
