A HUD home is a 1–4-unit residential property acquired by the U.S. Department of Housing and Urban Development (HUD) after a Federal Housing Administration (FHA)-insured mortgage goes into foreclosure. These homes are then offered for sale to recover the loss. 

Understanding HUD’s Role 

• HUD is not a lender; it is a seller. 

• Homes are sold “as-is.” 

• HUD contracts asset management and listing duties to approved companies and real estate brokers. 

Getting Started as a HUD-Approved Agent 

Step 1: Register with HUD 

You must be a HUD-registered real estate broker (or work under one) to submit bids. 

• Register here: https://www.hudhomestore.gov 

• You’ll need: 

• A valid Missouri real estate broker’s license. 

• Your Tax ID (EIN or SSN). 

• Office address and contact info. 

 Use the HUD Home store Portal 

• This is the official site for listing all HUD properties: 
  www.hudhomestore.gov 

• Search by state, city, zip, or case number. 

 HUD Homes in Missouri 

Typical Characteristics: 

• Located in urban and rural areas across Missouri. 

• Priced below market value. 

• May qualify for FHA 203(k) rehab loans if repairs are needed. 

Selling HUD Homes: Process Overview 

1. Check Listings 

• Only properties on HUD’s Home store are available. 

• Use search filters to refine by price, location, or buyer type. 

2. Show the Property 

• Lockboxes are placed on the home; only HUD-registered brokers have access. 

• Properties are sold as-is; encourage a home inspection. 

Bid Submission 

• All bids are submitted electronically at hudhomestore.gov. 

• Bidding periods: 

• Exclusive listing period (typically 15 days): Reserved for owner-occupants, nonprofits, and government agencies. 

• Extended listing period: Open to investors. 

Bid Acceptance 

• Bids are reviewed daily. 

• Winning bids are typically chosen based on net return to HUD. 

Contract & Closing 

• If selected, you’ll receive a HUD Sales Contract Package. 

• Contract must be submitted within 48 hours. 

• Closings must be completed within 30–45 days. 

Financing Options 

• FHA 203(b): Standard FHA loan. 

• FHA 203(k): Includes funds for renovations. 

• Cash Offers: Common with investor purchases. 

• Conventional Loans: May be used depending on buyer qualifications and condition of the home. 

Tips  

• Check for “Good Neighbor Next Door” homes: 50% off homes for teachers, firefighters, police, and EMTs in certain areas. 

• Always verify zoning, school districts, and code compliance—especially in older or rural Missouri properties. 

• Recommend buyers do a home inspection but remind them HUD will not make repairs. 

• HUD homes can be a great entry point for first-time buyers.