FHA Good Neighbor Program To Help San Diego's Cops, Teachers, and Firefighters
Are you a San Diego police officer, teacher, ENT, or firefighter, looking for a loan on a HUD repo? The FHA Good Neighbor Program might be a solution for you:
Good Neighbor Next Door
The
Good Neighbor Next Door Sales Program is designed to help revitalize
specific neighborhoods by encouraging law enforcement officers,
firefighters, EMT's and teachers to purchase HUD-acquired single-family
homes through discounts of up to 50% off the purchase price and
requiring as little as a $100 downpayment.
The borrower must be employed as a law enforcement officer,
teacher,
firefighter or EMT at the time he/she submits a bid to
purchase a home through the program and at the time of closing on the
purchase of the home. He/she must also certify to his/her good faith
intention to continue employment in the same capacity
for at least one
year following the closing date.
The
borrower(s) must not have owned any residential property during the
year prior to the date a bid is submitted on the home being acquired
through the Good Neighbor Next Door Sales Program. The
borrower(s) must also never have previously purchased a home under the
Good Neighbor Next Door Sales Program (or under the Officer Next Door
Program or similar programs).
The
program participant must be the borrower and must qualify for the
mortgage. It is not acceptable for a spouse or other parties to qualify
for the mortgage in their name or names only.
NOTA BENE:
Only
single-unit properties acquired by HUD located in HUD-designated
revitalization areas (except occupied properties), those located in Asset Control Areas,
or those that HUD has determined will be sold through an alternative
sales method, will be available to eligible participants under the Good
Neighbor Next Door Sales Program
Contact me for more details to see if this can benefit you at (858)-777-9751.
