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To make a bid on a HUD Home, you will need to use a HUD-registered Selling Broker. Buyers Trust is a registered HUD selling broker, but don’t let the terminology fool you, We represent the buyer.  Steve Schappert is the broker for Buyers Trust Real estate and Investment and Schappert is also an award winning home Improvement contractor. Schappert is the perfect choice to help you locate, negotiate and renovate a HUD home and walk you through the complexities of the FHA 203K rehab loan that allows you to finance the purchase and improvements.

Income Limits

The Department of Housing and Urban Development (HUD) sets income limits that determine eligibility for assisted housing programs including the Public Housing, Section 8 project-based, Section 8 Housing Choice Voucher, Section 202 housing for the elderly, and Section 811 housing for persons with disabilities programs. HUD develops income limits based on Median Family Income estimates and Fair Market Rent area definitions for each metropolitan area, parts of some metropolitan areas, and each non-metropolitan county. Learn More

Comprehensive Housing Market Analyses

 HUD’s Economic and Market Analysis Division prepares Comprehensive Housing Market Analyses that assist and guide HUD in its operations. The factual information, findings, and conclusions contained in the reports could also be useful to builders, mortgagees, and others concerned with local housing conditions and trends. For each analysis, HUD economists develop a factual framework based on information available, as of a particular date, from both local and national sources. Each analysis takes into consideration changes in the economic, demographic, and housing inventory characteristics of a specific housing market area during three periods: from 2000 to 2010, from 2010 to the as-of date of the analysis, and from the as-of date to a forecast date. The reports present counts and estimates of employment, population, households, and housing inventory. Learn More

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Rehabilitation Mortgage

Limited 203(k) Mortgage

FHA’s Limited 203(k) program permits homebuyers and homeowners to finance up to $35,000 into their mortgage to repair, improve, or upgrade their home. Homebuyers and homeowners can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or an FHA appraiser. Homeowners can make property repairs, improvements, or prepare their home for sale.  Homebuyers can make their new home move-in ready by remodeling the kitchen, painting the interior or purchasing new carpet.

203(k) Mortgage

The Section 203(k) program is FHA’s primary program for the rehabilitation and repair of single family

properties. As such, it is an important tool for community and neighborhood revitalization, as well as to expand homeownership opportunities.

Contact Steve Schappert Now

to start the home buying process.  

203-994-3950

[email protected]