Question: I want to buy a home, but I don’t have much money. Can HUD help me?

Answer: Helping people become homeowners is one of the most importantthing HUD does. Here are some suggestions:

1. Start by reading our "homebuyer's kit"- particularly the part about the federal mortgage programs that can help people buy homes. HUD's FHA has many mortgage insuranceprograms that can help first-time homebuyers. Also, be sure to read about buying a HUD home - they can be very good deals!
2. Contact one of the HUD-approved housing counseling agencies. They can help you sort through your options.
3. Call your local office of housing and community development or your mayor's office to see if there are any local homebuying programs that could help you.

Question 2: I'm interested in an FHA mortgage. Who do I see?

Answer: You'll need to go see a HUD-approved lender.

Question 3: I'm thinking about buying a home, but I don't really know if it's a good idea for me. Who can I talk to?

Answer: There are HUD-approved housing counseling agencies that can help you decide whether buying a home is right for you. Contact one in your area.

Question 4: How do I know if I qualify for a mortgage?

Answer: There are many different kinds of mortgages available, and qualification requirements vary. The best thing for you to do is shop around - talk to two or three local lenders to find out what kinds of mortgages they have available that could fit your situation. There are a number of mortgage calculators online that can give you some idea about your ability to qualify for a mortgage. HUD offers a good calculator, in our "homebuyers kit." You also might want to contact a housing counseling agency. They may be able to direct you to the kinds of mortgage programs that might fit your needs.

Question 5: I've heard of the Officer Next Door and Teacher Next Door programs. How can I find out more?

Answer: Teacher Next Door and Officer Next Door have been combined into Good Neighbor Next Door.

Question 6: I'm considering buying a manufactured home. Does HUD have any information about these homes?

Answer: We have lots of great information about manufactured homesin our "homebuyer's kit," including an excellent consumer's guide.

More information about homebuying.

Question 7: I am a Veteran and want to know if I should get a VA Loan or Conventional Loan?