Cheap Houses For Sale in United States
Lots of cheap houses in the United States to buy and House listings are FREE! Getting a list IS NOT A MYSTERY and it doesn't cost any money. HUD (Housing and Urban Development), VA (Veteran's Administration), USDA (Department of Agriculture), Fannie Mae and Freddie Mac own cheap property and home listings are easy to obtain. Registering on the website or provide personal information to get a list of homes is optional.
Properties from HUD, VA, Agriculture, Fannie Mae and Freddie Mac need repairs. The homes are not new, but the price at which they are offered is much less than it would be if they did not need revamped. The homes for sale are properties that an institution owns as a result of foreclosure to a borrower. The purchase price of the properties must be paid in cash and some can be financed thru special rehab programs that allow purchasing and financing the cost of repairs.
Visit and follow the URLs' for HUD, FannieMae, FreddieMac, VRM and USDA real estate owned homes. In the menu window write the STATE where you want to
search and DO NOT detail a city or any specifics you are looking for in a house;
doing so limits the search results.
HUD (Housing and Urban Development) foreclosed.
https://www.hudhomestore.gov/
HUD properties are foreclosed homes that were secured by loans from the Federal Housing Administration. Homes are sold exclusively through an online bidding process. Any buyer who has the funds or can qualify for a loan is eligible to purchase a HUD home. HUD homes are first offered to owner-occupant buyers, that is, buyers who plan to make these homes their primary residence. The purchase of a HUD home cannot be dependent on the sale or liquidation of another property. There are no exceptions to this policy. HUD requires that all offers be made through HUD-approved real estate agents; The real estate agent making the offer on your behalf does not necessarily have to be the listing agent. For a HUD approved real estate agent go to https://www.hudhomestore.gov/brokersearch and select the zip code where you need a HUD approved real estate agent.
HUD pays the real estate taxes and special assessments that were liens on the property (see: https://www.hud.gov/sites/documents/43105C5HSGH.PDF ) Additionally, on line 5 of the HUD Sales Contract, you can request up to 3% of the offer amount for closing costs.
Once your offer is accepted, you must send the original sales contract within the first 48 hours and the security deposit within the first 72 hours; You must specify the type of financing you will use, whether you will pay cash, and who will be on the loan. Homes that are considered insurable can be financed with FHA loans, and those that require some repair can be purchased with FHA 203(k) rehab mortgages (Uninsurable homes generally require extensive repairs and must be purchased with conventional loans or in cash).
To report wrongdoing to HUD:
US Department of Housing and Urban Development
451 7th Street SW,
Washington, DC 20410
HUD-PIHRC@tngusa.net
HUD's Atlanta Regional Office
C/o Office of Fair Housing Equal Opportunity
Five Points Plaza Building
40 Marietta Street
Atlanta , GA 30303
(678) 732-2526
(800) 440-8091
VA (Veteran's Administration).
https://www.vrmproperties.com/
Properties By State HERE
You don't have to be a veteran to qualify for a VA REO Home. VRM Mortgage Services is a service that the Veteran's office contracts to sell their foreclosed properties at auction.
The Veterans Administration DOES NOT 'fund' or 'loan' money to Veterans for the purchase of property. The
Veterans Administration only 'GUARANTEES' lenders that, in the event of
a "loan default" by the veteran, the Department of Veterans
Administration will cover the lender's loss; But,
the Veterans Administration does have a unique loan program that allows
qualified, non-veteran borrowers to purchase seized property by
default. The Vendée™ Loan Program.
With
the Vendée™ Loan Program, borrowers receive a competitive rate that can
save thousands of dollars compared to a standard mortgage. The benefits of the Vendee™ loan program:
1. Little to no down payment for borrowers and owner-occupant investors
2. No mortgage insurance requirements
3. Origination and financing fees may be included in the loan for qualified borrowers
4. Low-cost origination Competitive interest rates
5. No prepayment penalties
For more information, contact a mortgage loan originator at VRM Lending LLC https://vrmlending.com/va-vendee-loan/
*YOU DO NOT NEED AN AGENT TO MAKE YOUR BEST OFFER. As a Buyer, you can begin the bidding process online. Enter the property address ( ) and click "Start an Offer"; THIS WAY, you send the offer directly to the VRM agent. Additionally, if you prefer, your agent can start the offer process online; and
if you do not have a real estate agent, go to:
https://www.hudhomestore.gov/Listing/BrokerSearch.aspx?sLanguage=ENGLISH
and select the state () and zip code () where you need a real estate
agent estate.
Fannie Mae (The National Federal Mortgage Association).
http://www.homepath.com
(NOTE: Block location service when asked by browser; but allow cookies)
The Federal National Mortgage Association was founded in 1938 during the Great Depression. A Fannie Mae HomePath property is one that Fannie Mae sells directly to a traditional investor or buyer. You can purchase a HomePath property with a real estate agent who does not necessarily have to be the listing agent. A local real estate agent can help you submit an offer through the right channels. Your agent must submit an offer online and work on your behalf.
Most
HUD agents QUALIFIED to represent offers for VA (VRM), USDA, Fannie
Mae, Freddie Mac and Banks (ie First Bank and Oriental Bank). For a HUD approved real estate agent go to https://www.hudhomestore.gov/brokersearch and select the zip code where you need a real estate agent. Also, If you do not have a real estate agent or REALTOR® you can search for the local affiliation of a member REALTOR® by going to: https://directories.apps.realtor/directories/index.html?type=member
The Federal Home Loan Mortgage Corporation.
http://www.homesteps.com
Freddie Mac is 'The Federal Home Loan Mortgage Corporation' (FHLMC), known as Freddie Mac; a government sponsored public company (GSE), headquartered in Tysons Corner, Virginia. HomeSteps manages all stages of the Freddie Mac REO process, from handling title issues after foreclosure to working with local listing agents to facilitate a sale. The process for purchasing a HomeSteps home and submitting an offer is similar to the process for purchasing almost any home listed on the market.
If you are working with a real estate agent, the agent will contact the listing agent to begin the purchasing process. If you do not have a real estate agent or REALTOR® you can search for the local affiliation of a member REALTOR® by going https://directories.apps.realtor/directories/index.html?type=member
Additionally, you can directly call the listing agent listed on the listing. The
listing agent will guide you through the buying process and answer any
of your questions, or refer you to an agent who represents buyers.
Items required to purchase include:
1. Sales Contract
2. Pre-Approval Letter or Proof of Funds for Cash Sales
3. Security Deposit (must be in certified funds at time of contract execution; personal checks or money orders)
Required HomeSteps addendums (ask your real estate agent for information on HomeSteps-specific contract addendums)
*Available
to qualified first-time home buyers for a low down payment of just 3%,
Freddie Mac's HomeOne® mortgage is a low-downpayment option that meets
the needs of many first-time homebuyers
**If
you would like to speak with a HomeSteps representative Freddie Mac
customer service, please call 1-800-972-7555 or complete the form
provided https://www.homesteps.com/homesteps/contact.html for your convenience, for all inquiries or concerns related to specific properties, programs, agent inquiries, etc. You can also write to: Customer Service, HomeSteps FreddieMac, 6555 Excellence Way Plano, TX 75023
Department of Agriculture USDA
To
obtain an up to date list of Agriculture U.S.D.A. homes at auction in
the menu window write the State where you want to search. Best not the name of a town that limits the search.
https://properties.sc.egov.usda.gov/resales/public/searchSFH
After
you find a USDA-Rural Development Agency/Farm Services Agency or Farm
Service Agency property on the USDA-RD/FSA (Resales) website that you
want to purchase, you must contact the local USDA Farm Services/Rural
Development Agency-Rural service office, which will provide the most
up-to-date and accurate information regarding the status of the home
ownership as well as your eligibility for program benefits. Most properties need improvements.
In the 'Agriculture property list' click on details. On the details page BELOW click where it says: "View USDA/Rural Development Servicing Office Location" for the center that maintains information about the property. The centers that maintain information about the property are different.
See website: https://www.rd.usda.gov/contact-us/state -offices/pr for a contact list.
If you were a victim of discrimination in the process of purchasing a home from US Department of Agriculture, know that the priorities of the Honorable Phyllis K. Fong Inspector General as IG, US Department of Agriculture, have been to focus USDA OIG resources in protecting public health and safety related to USDA's mission and operations, and improving the management and financial integrity of the Department's programs.
Honorable Mrs. Phyllis K. Fong
Inspector General US Department of Agriculture
Room 117FW Jamie Whitten Building
1400 Independence Avenue SW
Washington, DC 20250
phyllis.k.fong@usda.gov
hotline@oig.usda.gov
ALSO NOTE:
*If
you were a victim of housing discrimination, you have the right to file
a housing discrimination complaint with the U.S. Department of Housing
and Urban Development (HUD) at 800-669-9777 (TTY: 800-927-9777). 9275),
or visit the online complaint page by filling out HUD Form 903
complaints online HERE: https://www.hud.gov/fairhousing/fileacomplaint .
**If
you were a victim of discrimination in credit opportunities, you have
the right to file a discrimination complaint with the Federal Trade
Commission (FTC). The
Federal Trade Commission (FTC), the nation's consumer protection
agency, enforces the Equal Credit Opportunity Act (ECOA), which
prohibits credit discrimination based on race, color, religion, national
origin, sex , marital status, age or why you get public assistance. The
Federal Trade Commission is an independent agency of the United States
government whose mission is to promote consumer protection [Section 5(a)
of the Federal Trade Commission Act (FTC Act) (15 USC § 45) prohibits
"unfair or deceptive acts or practices in or affecting commerce."] To
file a complaint, simply go to ftc.gov/complaint (Your report is shared with over 3,000 law enforcement officials) write:
Ms. Lina M. Khan
Chair of the Federal Trade Commission
600 Pennsylvania Ave NW. Washington, DC 20004
(202) 326-3400
lkhan@ftc.gov
