Are you a teacher, fireman, EMT or police officer looking to purchase a new home?
If so, you can qualify for HUD’s Good Neighbor Next Door program and save 50% on the purchase of your home!. WHAT IS THE GOOD NEIGHBOR NEXT DOOR PROGRAM? • The Good Neighbor program is specially designed to help full-time firemen, EMTs, police officers and teachers (pre-K- 12th grade) purchase affordable homes in their community • HUD will offer a 50% discount off of the purchase price of the home • Home financing is available through FHA HOW DOES THE PROGRAM WORK? • The subject property must be located in a HUD revitalization area and be listed for sale through the Good Neighbor Next Door program. • The homebuyer can not have owned a home for a period of not less than one year prior to submitting an offer • The homebuyer must commit to living in the home as their primary residence for three years • HUD will subsidize the sales price of the home by 50% through a “silent” second mortgage, which requires no payments or interest (provided the homeowners fulfills the three year occupancy requirement) • At the end of the three year period, the second mortgage is forgiven and the homeowner keeps all equity in the home
Call Ed @240-375-2871 if you would like more information
Link to my other blog Site;
http://blog.marylandhomehunter.com/buyers/teachers-firemen-emt-or-police-officers-can-save-50-on-new-home
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