We Know Boise Real Estate

Boise HUD Homes

If you are considering foreclosed homes in Boise or anywhere else in Idaho, a “HUD” may be a great option. Boise HUD homes are properties that have been repossessed by the lender and are considered an REO or bank owned foreclosure. A HUD property is a property that was purchased with an FHA mortgage – which is a government-backed home loan. When the property is foreclosed on HUD pays off the remaining mortgage and then puts it up for bid.

Hud Homes for Sale

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Due to the unique way HUD properties are made available for sale, many are sold before being listed on the Idaho MLS. For a complete list or if you would like more information about the purchasing process, contact us online or call (208) 391-4466.

What is a HUD Home?

A HUD property is a single-family, Duplex, or Fourplex foreclosure that has been taken over by HUD (Housing and Urban Development) as a result of a deficiency of the homeowner with an FHA mortgage. An FHA mortgage is a government-backed home loan. When the property is foreclosed on, HUD eliminates the existing mortgage and any liens, then lists it for sale. In other words, a HUD is a property sold by the government free and clear, commonly below market value.

HUD homes are available to anyone as long as they qualify for a home loan or pay in cash. This includes both traditional buyers and investors. HUD properties can be financed through a conventional or an FHA loan. When buying a HUD the mortgage process is very similar to any other type of house purchase. The lender will review your income and credit score.


Once a home reverts back to HUD, they will conduct their own appraisal and list the property for sale on the HUD Homestore website and the local MLS (be sure to ask us for the MLS listing sheet which typically has more information than what’s on their website).

Pricing on these properties will vary on multiple factors. The current condition of the property has a huge impact as does local sales trends. HUD bases their asking prices on property appraisals for the properties. In some instances, there are deals allowing buyers substantial savings which make HUD homes a viable source for any home buyer.

HUD Homes Idaho Bidding Process

Unlike writing a traditional offer when buying, HUD uses an online bidding system for its properties. Only licensed real estate agents can place bids on the HUD homes. This is why it’s crucial you work with an agent with extensive experience with these types of properties. These agents must be registered with the folks at HUD and your real estate agent’s broker must have an established account with HUD Idaho as well.

  • First 15 days of the initial bidding period, may only be purchased by owner-occupants.
  • After an initial 11 day bidding period, HUD will review all bids submitted up to that point.
  • After the first 15 days, Investors bids will also be accepted. All bids will then be reviewed on a daily basis.

Idaho HUD listings are similar to traditional sales in that offers will be accepted for less than the listing price. Our years of experience and expertise will help you receive the best possible price on any HUD foreclosure.

We strive to provide you with easy, no hassle access to all Boise, Idaho HUD homes for sale. Listings are updated in real-time, so check back as often as you like.

HUD Home Listing Periods

Properties can be in one of 3 listing periods, depending on the type of property, the Bid Open Date, and how long the home has been on the market. These listing periods are:

Lottery (7 days): All uninsured homes start in the Lottery period. The next listing period is the Exclusive period.

Exclusive (no bidding for investors)

  • Insured properties (15 days): Insured properties begin their listing periods here. The next listing period is the Extended period.
  • Uninsured properties (5 days): All uninsured properties enter this 5-day Exclusive period after the Lottery period. The next listing period is the Extended period.

Extended (up to 180 days or open-ended): Homes worth more than $25,000 remain in what becomes an open-ended Extended listing period. Although that’s very rare in Idaho.

Here at We Know Boise, our goal is to make your Boise real estate search as easy as possible. Our Custom Search enables you to find bank owned homes and all active Boise HUD homes with the criteria of your choice. City, zip code, address, single or multifamily, year built, beds, baths and sq. ft. all at the same time! Save your search results, listing details and favorite properties.

Intermountain MLS LogoIDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Information provided by IMLS is deemed reliable but not guaranteed. All listings provided by IMLS are marked with the official IMLS IDX logo.

Listing information last updated on February 9th, 2023 at 1:52am MST.