What is the HUD?
HUD stands for Housing and Urban Development and is a department of U.S. Government. Since 1965, HUD has ensured smooth policy for housing and city development. Later, in the mid-1970s, the focus has turned mostly towards housing, leaving urban development up to individual cities.
HUD primarily helps people of low and middle income families acquire loans to purchase a home. HUD does not lend money but it approves lenders and supports them with materials.
Get Started With Your FHA Loan Request
HUD is involved in almost all aspects of real estate. They offer the following:
- Counseling for potential homeowners
- Funds programs for individual grants
- Supports organizations that offer advice on foreclosures
- Gives advice to those wanting to receive HUD assistance
- Addresses safety issues
- Investigates housing discrimination
- Offers senior housing
- Offers home repair
- Aids in homeowners insurance
- Handles incentive programs for other sectors of society besides low-income families
- HUD-approved housing online
The Federal Housing Administration (FHA) is closely related to HUD because it helps to guarantee mortgages to low-income homeowners. Find out more about how you can qualify for an FHA loan.
Return back to the FHA Mortgage Center.com home or the FHA Lending Guide.
