HUD homes are homes owned by the Department of Housing and Urban Development that are available for purchase. This document discusses how to purchase a HUD home, including that they require low or no down payment, earnest money is typically 1% of the purchase price, and buyers may be able to purchase HUD homes at a significant discount or for as little as $1 in some cases. It also provides contact information for real estate and lending professionals who can assist buyers in purchasing HUD homes.