Fha Homes For Sale In Houston Tx

Pros And Cons Of Living In Houston Texas

How do you know that living in — or moving to — Houston is right where you need tobe?Perhaps you grew up in Houston or already live nearby therefore,the decision to buy a home in Houston is a no-brainer.For others, however, it may not be such a straightforward or simple decision.Whether you are relocating to Houston for work or just looking for a fresh start,getting a read on a neighborhood from afar can be tricky… and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for salein Houston:

• What type of neighborhood environment do you prefer?
• What types of shopping ,restaurants and businesses would you like nearby?
• What leisure-time activities do you enjoy?
• What type of commute do you seek?

In short, it always helps to create a Pros vs. Cons list of what you need in a home and/or neighborhoodlike Houston.

Are You Eligible To Participate

Need for Housing

• Pay more than 30% of gross income on rent
• Live in an unsafe and/or unsanitary neighborhood

Willingness to Partner

• Perform up to 250 hours of sweat equity which includes helping to build homes
• Complete pre- and post-purchase programs which include financial counseling

other requirements

• Be a US Citizen or have permanent residency status
• Have one year of continuous employment

Ability to Pay

• Meet minimum annual household gross income requirement for family size
• Have a satisfactory credit score
• Be able to afford monthly mortgage payments, including escrow and insurance

Income Guidelines

Minimum and Maximum Income Requirements

*Area Median Income for Houston, The Woodlands and Sugar Land as reported by HUD

Invest In Reo Properties

Houston real estate investing can be extremely lucrative, especially when you’re making an investment in REO properties such as bank owned homes, short sales, VA foreclosures, HUD homes or government foreclosure houses in Houston, TX. Buying discounted property for a low cost means not only great savings, but also the chance for larger profits on future sales.

Whether you’re a home buyer looking for bargain houses like townhomes, duplex or triplex for your family or a seasoned investor looking to buy cheap condos or apartment foreclosures and flip them for a profit, there are all kinds of ways to save on real estate homes when you buy repo homes. Bankforeclosuressale.com can help you find home auctions and other sales for distressed properties that are all selling for below market house values. We aim to be a lot more than just another foreclosure listing website, and we’ll teach you all about making Houston real estate investments like professional. Come find everything from a fixer upper to a great new apartment by learning about Houston real estate investing!

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Home Value Estimator For Houston Tx

There are currently 712,007 real estate properties in Houston, TX,with a median automated valuation model price of $222,500.00. What is an AVM? It isa smart computer program that analyzes and predicts the approximate value of a home,property or land in Houston, TX, based on current market trends, comparable realestate sales nearby, historical data and, of course, property features, among othervariables. These automated home estimates are often very helpful, providing buyers andsellers with a better idea of a homes value ahead of the negotiation process. For example,the average home price in Houston, TX, is $320,150.00, with the most expensive housein Houston, TX, topping out at $73,359,300.00 and the cheapest home in Houston, TX,clocking in at $26,100.00. In other words, theres something for every potential homebuyeror savvy investor in Houston, TX!

Mortgage Broker Vs Mortgage Lender

A mortgage broker acts as the middleman between the prospective home buyer and the mortgage lender. They prepare your loan application, qualify you for a loan, gather all the necessary documents pertaining to the loan, and can issue a pre-qualification letter. The typical mortgage broker works with several lenders and submits your file to a particular lender for them to issue the loan. In short, a mortgage broker doesnt have the money, they look for the money to extend a home loan.

A mortgage lender is an institution that makes loans directly to a borrower. A broker doesnt lend the money, they find a lender. Different lending institutions offer different loan programs and have the ability to fund their own loans. The Federal Housing Administration or FHA works with the Department of Housing and Urban Development, commonly known as HUD, to create requirements for lenders, thus the term FHA-approved.

As a direct mortgage lender, we have access to several loan programs not available in the open market. This is one of the most significant advantages of working with a direct lender. You will have a personalized service catered to your individual needs instead of a cookie-cutter program that most brokers are accustomed to.

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Cost Of Living In Houston Tx

So, about how much do homes cost in Houston?The most recent median value of resident-owned homes in Houstonis 177,555.An estimated 42.3 percent of households in Houston own their homes,with an average family size of 3.45.The median household income in Houston is 52,338,with24.7 percentage of households earning at least $100,000annually.For working parents and professionals who are searching for cheap homes in Houston,the median commute time of resident workers is 27.7.And last, but certainly not least, are you looking for homes to rent in Houston?If so, the average rent price paid by renters in Houstonis 1,041, according to recent statistics.

Houston Tx 77095 Hud Housing And Foreclosure Homes

How many HUD foreclosures are available for sale in Houston Tx 77095? Right now, Houston Tx 77095 currently has 9 HUD foreclosure listings available.

HUD offers a variety of apartments, duplexes, townhouses and single-family houses to purchase in Houston Tx 77095. If you located a great foreclosed HUD home deal near you, be sure to first get pre-qualified before attempting to purchase the property – this is something you can do on your own online. In addition, a local real estate agent can help you with possible financing options and get you pre-qualified to buy a HUD home and/or foreclosure. Also remember: FHA assists first-time homebuyers and others who might be unable to meet down payment requirements for conventional loans, providing mortgage insurance to private lenders.

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Tax foreclosed homes are available for pennies on the dollar – as much as 75 percent off full market price !

Enter an address, city, state or zip code below to view super-saving listings near you:

Read Also: Owner Financing Homes For Sale In Texas

Building A More Equitable City

The best place to find information about government funding and programs for affordable, safe homes in Houston

Rental Assistance

The City of Houston and Harris County are working together to provide $159 million in rent and utilities assistance to families who are struggling due to the COVID-19 pandemic. The funds will be distributed by two agencies with established experience in helping people in need: BakerRipley and Catholic Charities of the Archdiocese of Galveston-Houston.

Please spread the word about resources relating to this year’s Winter Storm. Our department has prepared a one-pager of select resources that can be downloaded, printed, and shared widely, available in both English and Spanish. If your home was damaged during the winter storm, you can now apply for assistance on home repairs. Complete the Connective Home Repair Application to get started.

Virtual Office Hours

We are now holding our weekly Community Office Hours virtually! From 1pm-4pm every Wednesday, you can call in and be connected to program representatives. They will be able to answer questions, give status updates, and more.

Numbers to call:832-394-6126

COVID-19 Response

HCDD Housing Advocates Collective

Virtual Lunch & Learn

Harvey Homebuyer Assistance Program

2021 Resident Workshops

Report eviction violations, fraud or other concerns with rental assistance

Foreclosure Homes In Houston Tx

Find the best foreclosure homes listings for sale bank-owned, government and others in and near the Houston, TX area atForeclosure.com.Get information on foreclosure homes for rent, how to buy foreclosures in Houston,TX and much more.Save thousands at closing with home foreclosure listings in Houston,TX up to 75% off market value!

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Top Reasons To Live In Houston Tx In 2021

Houston is located in Harris, Texas,with an estimated municipal population of 2,320,268 residents.All of the best foreclosed homes for sale in Houston are located in the following zipcode areas on Foreclosure.com: 77069 77068 77061 77060 77063 77062 77065 77064 77067 77066 77036 77037 77034 77035 77032 77033 77030 77031 77038 77449 77489 77046 77045 77044 77040 77048 77201 77598 77018 77019 77015 77016 77017 77010 77011 77012 77013 77091 77093 77099 77053 77346 77345 77546 77547 77025 77024 77027 77026 77021 77020 77023 77022 77029 77028 77094 77096 77090 77098 77078 77079 77072 77073 77070 77071 77076 77077 77074 77075 77407 77047 77043 77041 77336 77339 77338 77003 77002 77007 77006 77005 77004 77009 77008 77571 77450 77082 77089 77088 77083 77081 77080 77087 77086 77085 77084 77092 77042 77054 77055 77056 77057 77058 77059 77396 77051 77506 77504 77001 77052 77202 77203 77204 77205 77206 77207 77208 77209 77210 77212 77213 77215 77216 77217 77218 77219 77220 77221 77222 77223 77225 77226 77227 77228 77229 77230 77231 77233 77234 77235 77236 77237 77241 77242 77243 77244 77245 77248 77249 77251 77252 77253 77254 77255 77256 77257 77259 77261 77262 77263 77266 77269 77270 77271 77272 77273 77274 77275 77282 77284 77287 77288 77289 77291 77292 77293 77297 77299 77315 77325 77411.The estimated population per square kilometer in Houstonis 1,399.

Rent Prices In Houston Tx

With the expiration of certain local, state and federal housing-related restrictions andmandated programs, the rental market in Houston, TX, is on a rollercoaster ride. Theaverage rent price in Houston, TX, is $1,717.00. Indeed, when looking to rent inHouston, TX, you can expect to pay as little as $480.00 or as much as $6,080.00,with the average rent median estimated to be $1,510.00. The good news is that findingan affordable and desirable property to rent in Houston, TX — whether its apartments,townhomes, condominiums or single-family homes — is made easier with knowledge of thelocal market and, of course, a little patience.

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What Locals Say About East Houston

• 87%
• They plan to stay for at least 5 years
• 50%
• It’s walkable to grocery stores
• 39%
• People would walk alone at night
• 33%

• All

• Resident
• 1y ago

“I want to move. Itâs not close to the main places I go neither is it the best area. Noisy due to train tracks, large trucks, businesses and stores are far apart. Community stores are very high and unsafe. Most arenât friendly. Iâve experienced employees using profanity in the front of customers and have attitudes while interacting with customers. “

“i have not seen anything yet that makes this connunity special. The fireworks at christmas and newyears were pretty cool to watch. People seemed to be having fun and were up very late. all in all the neighborhood does not feel safe and i am not sure i would feel confortable to attend a community event.”

“Fairly good not to much traffic and there are a number of different routes to take which is good since we have trains in the area”

“Thereâs not a lot of traffic here since there are no stores nearby, only houses. Thereâs also a lot of dollar stores everywhere. “

“I have lived in the area for over 15 yeas. My family and I have survived 2 major flood events. Yes our neighborhood floods.”

Housing

Employment

Public Accommodations

Reasons To Move To Houston Texas In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerousgovernment assistance programs. These low interest rates mean homebuyers in Houstoncan now afford much more house for the same monthly payment . Motivated andopportunistic sellers in Houston, meanwhile, can field multiple offers from morequalified buyers.

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Houston Tx Hud Housing And Foreclosure Homes

How many HUD foreclosures are available for sale in Houston, TX? Right now, Houston, TX currently has 515 HUD foreclosure listings available.

HUD offers a variety of apartments, duplexes, townhouses and single-family houses to purchase in Houston, TX. If you located a great foreclosed HUD home deal near you, be sure to first get pre-qualified before attempting to purchase the property – this is something you can do on your own online. In addition, a local real estate agent can help you with possible financing options and get you pre-qualified to buy a HUD home and/or foreclosure. Also remember: FHA assists first-time homebuyers and others who might be unable to meet down payment requirements for conventional loans, providing mortgage insurance to private lenders.

Page 1 – 50515

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Your Search has been saved. Access your saved searches here

Please sign in before saving this search. Don’t have an account yet?

In order to save a search you first need to create a profile.You will receive FREE saved search emails directly to your inbox.

Tax foreclosed homes are available for pennies on the dollar – as much as 75 percent off full market price !

Enter an address, city, state or zip code below to view super-saving listings near you:

Fha Home Loans In Houston

From first-time homebuyers to seasoned home buyers, FHA loans are the most common and widely used mortgage program in the Houston area. With the wide range of products that FHA offers, every borrower can be sure that there is an FHA loan program suitable for their situation.

We are a Texas mortgage lender that offers FHA home loan programs from borrowers with tier-1 credit to those with not-so-good credit. We offer purchase and refinance loans, from the standard 203 to FHA construction loans, 203 loans for homes that need rehabilitation, and Home Equity Conversion Mortgage aka Reverse Mortgage. We have a loan program for you and your family. Are you looking to refinance your existing mortgage to lower your rate and cut your term? FHA Rate and Term refinance program can help you with that. Are you refinancing an existing FHA loan? Our FHA streamline program will help refinance your mortgage with ease.

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Best Schools In Houston Texas

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferringtheir classes online because of the global pandemic.Numerous school districts will continue online courses, while others will welcome students back to campus.Regardless, homebuyers are shopping for homes in Houston with dedicated in-homelearning spaces, as well as for homes located within the best school systems for in-person instructionin Houston.

Look For Houston Cheap Homes For Sale

If you’re looking for the best deals on Houston cheap homes for sale, let Bankforeclosuressale.com show you how lucrative the market for distressed and foreclosed homes in Houston, TX! Our listings for cheap houses in Houston are for foreclosure sales where you can find great housing for a discount of anywhere from 20% to 60% off in great areas such as West University Place, Eastwood, Linkwood, Hunters Creek Village and The Woodlands, making home buying affordable and simple!

No other property offers you this opportunity to save money, and our foreclosure listings service shows you where to find the cheapest properties right from your own home! No matter what you’re looking for in Houston cheap houses for sale, we’ll help you buy it for a low cost with our expert advice and educational resources for all levels of experience. Explore repossessed homes in Houston with the experts for your next house purchase!

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Cartagena St Houston Tx 77035

Foreclosure

• 21

  |

  Location, Location, Location. Recently remodeled home, updated fixtures, great fenced lot with mature trees with no back neighbor. Carpet in all bedrooms, crown molding, formal living room, dining room, and den with French doors to the backyard. The kitchen with tile flooring, a breakfast bar, stainless steel appliances, stunning granite, counters. The primary suite has a his and hers closet. The bedrooms are good size.Read more

• Take a Tour with a Buyer’s Agent

  In-person

• Features: Breakfast Bar, Kitchen open to Family Room

Flooring

• Cooling features: Gas, Ceiling Fan

Appliances

• Appliances included: Electric Oven, Electric Range, Dishwasher, Disposal, Microwave
• Laundry features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup

Interior Features

• Interior features: All Bedrooms Down, Countertops

Other interior features

• Total interior livable area: 1,885 sqft

Property details

• Patio and porch details: Patio/Deck
• Fencing: Back Yard

• Lot features: Subdivided, Back Yard

Other property information

• Special conditions: Real Estate Owned

Construction details

• Construction materials: Brick, Wood Siding
• Foundation: Slab

• Subdivision: Westbury Sec 03 R/P

HOA and financial details

• Listing Agreement: Exclusive Right to Sell/Lease
• Road surface type: Concrete

About GreatSchools

The GreatSchools Summary Rating is based on several metrics.