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HUD (U.S. Department of Housing and Urban Development) Homes for Sale in Lehigh Valley

The number of residential HUD Properties For Sale in the Lehigh Valley is increasing. This is due to the increasing number of Allentown, Bethlehem and Easton area homes with FHA backed mortgages that are going into foreclosure and are foreclosed-on by the FHA for failure of payment.

What is a Residential HUD Home?

A Lehigh Valley "HUD property" is basically a Foreclosure or REO property. However, the difference is that a U.S government entity, the U.S. Department of Housing & Urban Development, rather than a private bank or lending institution takes ownership of the property. HUD acquires these properties through default of the home owner on an FHA insured mortgage property.

Please see our section Foreclosures / REO Properties on this website to understand more about the foreclosure process.

Generally, a HUD home is a 1-4 unit residential property made available to buyers who plan to live in the property. There are many complimentary federal and state government programs available in the Allentown, Bethlehem and Easton real estate market to assist buyers interested in purchasing a HUD property. Our discussion will talk about some of the unique characteristics of the HUD property buying process as compared with purchasing a REO property owned by a non-government mortgage company or institution. Please see our Foreclosure webpage for the details of that process.

How are HUD Properties Sold in Allentown, Bethlehem & Easton?

HUD properties, like other REO properties, are usually marketed by a licensed Pennsylvania real estate agent or REALTORŪ in PA. HUD pays the licensed REALTORŪ a commission to help the buyer find and purchase a HUD home.

The property will appear in the local Multiple Listing Service (MLS), however, it is often difficult to search in the MLS for a "HUD owned" property. Once identified, the property can be shown by a real estate agent or REALTORŪ using a HUD key. Offers to HUD are generally presented by a licensed REALTORŪ.

There are other websites such as HUD Homes which can be used to identify the addresses of HUD properties. If the city/town is not listed on the site, there are no HUD homes available in that area.

Once you have the address of the property, additional information (property reports, etc.) are available through your local licensed REALTORŪ. And talk with your local licensed REALTORŪ about how a Lehigh Valley Home Buyer may be able to use FHA financing to purchase a HUD Home.

What a Lehigh Valley HUD Home buyer needs to do during the research process?

  • Talk with your local lender or licensed REALTORŪ to determine "how much home you can afford?
  • Work with your local licensed REALTORŪ or research the web to identify HUD properties for sale in your area.
  • Investigate whether a FHA mortgage loan can be used to purchase the HUD property.
  • Get a copy of the "Property Report" for each property that you are interested in buying.
  • Prior to making your offer, the buyer will need to decide whether to do inspections, etc.
  • Identify a settlement company to research the deed, etc.
  • Finish the transaction with a closing or settlement.

Can anyone buy a Residential HUD Home?

Allentown, Bethlehem, and Easton area first time home buyers, etc. who plan to live-in the property, can consider buying a HUD home. If you are a Police officer, teacher, etc. research whether a "Good Neighbor Initiatives" program exists for additional $$$ incentives? Working with an agent, who has HUD experience, will be an advantage.

Buying a HUD property can be a way to purchase an affordable home at a reasonable price. However, the buyer needs to be disciplined and stick to their original offer limit as pre-determined by their Competitive Market Analysis and inspections of the property.

The HUD Home Sale Time Line

The process to buy and take possession of a HUD Residential property may take between 15 days to 2 month from offer to closing/settlement.

A Lehigh Valley Home Buyer may be able to use FHA financing to purchase a HUD Home.

Want more information about Lehigh Valley HUD Homes?

Give us a call or contact us today.

Joe Finnerty- or -Joe Kaminski
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BHHS Fox & Roach REALTORS, Lehigh Valley PA
3101 Emrick Boulevard, Suite 101
Bethlehem, PA 18020
Main Office: 610-865-0033
FAX: 610-974-9430

Information is deemed reliable but not guaranteed. We are REALTORS® in the Commonwealth of Pennsylvania and affiliated with BHHS Fox & Roach REALTORS. We are not financial planners, tax advisors, or attorneys.

Lehigh Valley Investment Properties serves the following areas Bethlehem, Allentown, Easton, Forks Township, College Hill, Plainfield Township, Washington Township, Bethlehm Township, Bangor, Bushkill Township, Nazareth, Tatamy, Stockertown, Hellertown, Lower Saucon, Freemansburg, Pen Argyl, Williams Township, Palmer Township, Hanover Township, Walnutport, Lehigh Township, Wilson, Wind Gap, Mt. Bethel, Portland, Roseto, Allen Township, Northampton, Bath, Moore Township, Catasauqua, Whitehall, Macungie, Lynn Township, Slatington, Milford, Emmaus, Coopersburg, Center Valley, Springfield Township, Weisenberg, Orefield, Trexlertown, Breiningsville, Upper Saucon, and Saucon Valley. Lehigh Valley Foreclosures, Sheriff Sales, HUD Homes, Short Sales, and Auctions.