Hud Homes

I am a Real Estate Agent and HUD Home specialist based out of Norman, Oklahoma and serving the entire metro area including Moore, and Oklahoma City. I have helped many people (myself included) in the Norman, Moore, and Oklahoma City area to save tens of thousands of dollars by purchasing homes from HUD. Some people may think that buying a HUD home is scary -- it doesn't have to be, and it isn't with the right help.

Hud Homes for Sale in Norman, Noble, Blanchard, Newcastle, Moore, Oklahoma City

Hud Homes for Sale in Norman, Noble, Blanchard, Newcastle, Moore, Oklahoma City

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What is a HUD Home? A hud home is a home that has been foreclosed on, in which the seller had a loan backed by the Federal Housing Administration (FHA Loan).  Once the foreclosure process has been completed, HUD purchases the homes from the lenders and resells them through their HUD purchase program. 

Where can I find HUD Homes for sale in Norman, Moore, or Oklahoma City?  You can go to, and perform your search there. 

How can I schedule an appointment to see a HUD Home?  Just call (405) 694-8537, and let us know the street address of the property you would like to take a look at, and we will use our special HUD key to open the property for you. 

Who can purchase a HUD Home? With the assistance of a HUD qualified agent, anyone can purchase a HUD home!  Since FHA was started to assist people with home ownership, however, they preference bidders that are purchasing the house as a primary residence.  

Can HUD pay closing costs? YES.  Hud can pay normal purchaser's closing costs up to 3.0% of the purchase price. 

Will HUD do repairs on the home? No.  HUD will not do any repairs to the home before or after closing.  You must purchase the home AS-IS.  If there are any requirements set by your lender, they must be accounted for either through escrowing (FHA 203b loan) for the repairs at closing or getting a specialized FHA 203K loan.

Can I Use Any Lender to Purchase a Hud Home? Yes, you can use any lender, however, because the HUD purchase process is so much different than a normal home purchase, I would recommend that you use a local lender that is familiar with the HUD purchase process (this is important!). 

Can I still do Inspections on a HUD Home? Yes.  You have the right to do inspections on a HUD home.  HUD will give owner occupant bidders a 15 day window to conduct inspections, and if there is something substantially wrong with the house that wasn't disclosed in HUD's own inspection (see below), then you can cancel the contract and get your earnest money back.  For Investor bidders, you can loose your earnest money if you decide to back out of a HUD purchase for ANY reason, including any problems that come up as a result of inspections.

Do you know anything about the Home prior to making an offer? Yes.  Hud will always conduct an inspection prior to listing the home for-sale.  You can view the full inspection by going to, searching for the home, and clicking the link on the detailed listing page.

What if the Home doesn't Appraise for the purchase price? HUD, prior to listing the home for sale, will always have an FHA appraisal done on the property, which, if you are getting an FHA loan, will prevent you from having to pay for the appraisal, and remove any questions about the home not appraising for the purchase price.

If you are purchasing the HUD home with a conventional loan, then you will have to pay for an additional appraisal.

How long does it take to close on a HUD Home? About 45-50 Days.

How much earnest money will I need? Upon making an offer, you will need to have a cashiers check for $500 if the purchase price is less than $50,000 or $1,000 if the purchase price is over $50,001. 

Have any additional questions about purchasing a HUD Home in Norman OK, Moore OK, or Oklahoma City OK, or would you like me to contact you about purchasing a HUD home?  Click the button below! 

Listing Content: Copyright© 2024 MLSOK, Inc. listing content is believed to be accurate but is not guaranteed. Subject to verification by all parties. The listing information being provided is for consumers' personal, non‐commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This listing data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLSOK, Inc. Information last updated on July 15th, 2024 at 7:31pm CDT.

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