HUD is generally responsible for government housing and urban development. It implements programs that include low-rent public housing, mortgage insurance for residential mortgages (FHA), equal opportunity in housing, energy-efficient mortgages, and research and technology.
FHA primarily assists home buyers in providing mortgage insurance to lenders that covers most losses incurred when a borrower defaults; this encourages lenders to make loans to borrowers who might not qualify for conventional mortgages.
VA offers loans from an approved lender and a guarantee by the Department of Veterans Affairs. All veterans, and evyerone who currently serves in the United States military are eligible for a VA loan.
You can find a HUD approved lender or search for HUD approved condos anywhere in the United States via these links.
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