Rate One Realty is a Registered Broker/Agent for HUD owned properties in the state of Kentucky. 


What are HUD homes?

The Department of Housing and Urban Development (HUD) oversees the Federal Housing Administration (FHA) which is the largest mortgage insurer in the world.  A HUD home is a 1 to 4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage.  HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.

Who can buy a HUD Home?

Almost anyone!  If you can qualify for a loan (subject to certain restrictions) or have the cash you may buy a HUD Home.  HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.

Current HUD Incentives

• $100 Down payment program for purchasers using FHA financing

Can any Agent represent the buyers of a HUD home? 

No, only HUD registered broker/agents can.  Contact Rate One Realty 502-365-1499 today for more information or to view a HUD home!  Click the link below to find currently available HUD homes in Louisville and surrounding areas. 

Search for HUD homes