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.

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.