If you are a first time homebuyer or are in the low to moderate income range, buying a home listed through the Department of Housing and Urban Development (HUD) is an appealing option. HUD homes are actually available to anyone who can qualify for a mortgage. Although they are popular with the moderate income families, they are also appropriate for savvy consumers looking for a great deal. HUD also has special purchase programs for educators and law enforcement officers, which may qualify them for discounts up to 50%