Zillow Advice: Buying Process - I want a HUD home http://www.zillow.com/advice-thread/I-want-a-HUD-home/443687/ Zillow Advice | Zillow Real Estate Try to contact a HUD approved ... http://www.zillow.com/advice-thread/I-want-a-HUD-home/443687/ Try to contact a HUD approved buyer agent who can enter your offer and help you identify what the market value of the property really is.&nbsp; Good luck Mon, 21 May 2012 22:27:00 GMT http://www.zillow.com/advice-thread/I-want-a-HUD-home/443687/ 2012-05-21T22:27:00Z You can get a lot of useful ... http://www.zillow.com/advice-thread/I-want-a-HUD-home/443687/ You can get a lot of useful information from the HUD website:<br/><br/>&nbsp;http://www.hudhomestore.com/Home/Index.aspx?sLanguage=ENGLISH<br/><br/><br/>There are different links of resources, incentives etc to read through to help you with your purchase. Your realtor can pull up recent bid results for various homes in your area to give you a better idea of what the winning bids are and if you need to offer over the HUD asking price. Just remember that any amount you bid over the HUD appraisal will need you to bring in those funds in cash at closing since the banks will only lend up to the appraised price.<br/>It's very competitive out there! Mon, 21 May 2012 19:41:00 GMT http://www.zillow.com/advice-thread/I-want-a-HUD-home/443687/ 2012-05-21T19:41:00Z - You need a HUD approved ... http://www.zillow.com/advice-thread/I-want-a-HUD-home/443687/ - You need a HUD approved agent to submit your offer through hudhomestore.com.<br/><br/>- You should have the agent working with you help you estimate the market value of the property and stay under that value (i.e. don't pay more than the home is worth.<br/><br/>- It is not true that you need to 'offer upfront the difference'. &nbsp;The contract and the minimal down payment are required within 24-48hrs of acceptance. &nbsp;Then you go for your mortgage and do inspections as usual. &nbsp;What your sources might be hinting, is that FHA had an appraisal and therefore will not loan more than an FHA appraisal.. &nbsp;but that depends on whether they even listed at appraisal price and if you are getting an FHA loan. Mon, 21 May 2012 19:38:00 GMT http://www.zillow.com/advice-thread/I-want-a-HUD-home/443687/ 2012-05-21T19:38:00Z