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Teacher Next Door Program
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The Teacher Next Door (TND) Initiative offers HUD-acquired, single family homes to public school teachers with the following significant benefits:

• 50 percent discount off appraised value.
• Only $100 Down Payment required*.

Under the Teacher Next Door program, HUD offers homes located in designated revitalization areas. Revitalization areas are typically in low- and moderate-income neighborhoods, have many vacant properties and often have high crime rates, but are considered good candidates for economic development and improvement.

Homes offered for sale in the program were previously insured through the FHA and then foreclosed. HUD also reduces the downpayment requirement to just $100 if the home is purchased with an FHA insured mortgage.

Find out more at: http://www.fha-home-loans.com/teacher_next_door_fha_loans.htm