GoodNeighborNextDoor Realty - GNND Homes at Half price homes for Teachers, Law Enforcement, Firefighters & EMTs
You may purchase a property at a 50% discount from the current list price. For example, if the home has a list price $150,000, you can buy it for $75,000. You can also apply for an FHA-insured mortgage with a down payment of only $100 and you may finance all closing costs, repairs, imp
rovements, appliances and all acquisition expenses.You must live in the home for three years to take complete advantage of the grant. After that, you can sell the home and keep all the profit, turn it into a rental home, or live in it as long as you like. There are no further restrictions after the three year commitment has been fulfilled. Sign up to get notified of available homes in your area. Homes are only available for 7 days on this program. It is vital that you are notified immediately in order to participate. Everyone has an equal opportunity to purchase each house available. HUD randomly selects the Buyer from all candidates interested in a particular property. We will assign a real estate Agent to assist you and provide you with Mortgage Lender information to get pre-qualified so you are ready to take advantage of the best federal program in the nation that rewards you for your dedication to the community. Very good! Many homes have been awarded to participants because they were the only interested party. If one Teacher, one Firefighter and one Officer were all interested in the same house, everyone has an equal opportunity and a 33% chance of becoming the Buyer. The odds of being selected the Buyer are directly proportionate to the number of interested participants. Who can participate? All participants must be employed full-time by a federal, state, county, municipal government, Indian tribal government, division of local government, or public/private school. Current homeowners CAN NOT participate and neither you nor your spouse can have owned any other residential real estate for one year prior to participation. We are dedicated to promoting the U.S. Department of HUD Good Neighbor Next Door program. We assist participants in connecting with knowledgeable Agents and experienced Mortgage Lenders in their areas, and help provide a greater understanding of the requirements of the program. We are not affiliated with HUD or FHA. This service to you is funded by our nation wide network of real estate professionals.
