HUD Homes in Boise & Across Idaho

If you’re considering foreclosed homes in Boise or anywhere else in Idaho, a HUD Home might be a great option. These properties can often be purchased below market value, making them attractive to both buyers and investors.

What is a HUD Home?

A HUD Home is a property that was originally purchased with an FHA mortgage—a government-backed home loan. When the homeowner defaults and the property is foreclosed on, the U.S. Department of Housing and Urban Development (HUD) pays off the mortgage and lists the property for sale.

These homes are typically:

• Single-family homes, duplexes, or fourplexes

• Sold free and clear of mortgages and liens

• Listed at or below market value based on HUD’s appraisal

HUD Homes are available to anyone who qualifies for a home loan or pays in cash. Financing can be done through a conventional loan or FHA loan, and the buying process is similar to any other home purchase.

How HUD Home Pricing Works

Once a property reverts back to HUD:

• HUD conducts its own appraisal.

• The home is listed on the HUD Homestore website and the local MLS.

• Asking prices are based on appraisals, condition, and local sales trends.

Buyers can sometimes secure substantial savings, making HUD homes a strong option for affordable ownership or investment.

The Bidding Process for HUD Homes in Idaho

Unlike a traditional offer, HUD uses an online bidding system. Only licensed, HUD-registered real estate agents can place bids on behalf of buyers.

Key details:

• First 15 days: Only owner-occupants may bid.

• After 15 days: Investors may submit bids as well.

• HUD reviews bids daily after the initial period.

• Offers below list price are often considered.

Working with an experienced agent is essential—they know how to navigate the bidding process and secure the best deal.

HUD Home Listing Periods

HUD homes are sold in specific listing stages:

• Lottery (7 days): For uninsured homes.

• Exclusive (5–15 days): Owner-occupants only; no investors.

  • Insured properties: 15 days

  • Uninsured properties: 5 days

• Extended (up to 180 days): Open to all buyers, including investors.

Why Work With Us

At Agents With a Smile, our mission is to make your Boise HUD home search simple, efficient, and stress-free.

• Custom Search Tools: Find HUD and bank-owned homes by city, zip code, address, year built, beds, baths, and square footage.

• Real-Time Updates: New listings and price changes as they happen.

• Expert Guidance: Our experience with HUD properties means you’ll get the best possible outcome—whether you’re a first-time buyer or an investor.
  
  👉 Ready to explore HUD Homes in Boise or anywhere in Idaho?
  Call or text our HUD specialist, Cheri Ure today at (208) 974-5259