|
|
HUD Good Neighbor Next Door
* All features/parameters are subject to change without notice *
Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD’s Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return, you must commit to live in the property for 36 months as your sole residence.
What are the benefits to the participants?
The selected bidder may purchase the property at a 50 percent discount from the list price. For example, if a HUD home is listed for $100,000, an officer can buy it for $50,000. To make a HUD home even more affordable, you may apply for an FHA-insured mortgage with a down payment of only $100 and you may finance all closing costs.
Who can participate in the Good Neighbor Next Door Program?
Law enforcement officers, pre-K through 12th grade teachers and fire fighters/emergency medical technicians are eligible to purchase a home through this program.
Would you like more information?
|
|
|