If you are a teacher and need assistance buying a home, many teachers buy HUD homes or other housing through the Good Neighbor Next Door Program.
The U. S. Department of Housing and Urban Development (HUD) offers a variety of programs to help people buy homes. One of HUD's programs, the Good Neighbor Next Door program, helps teachers buy HUD homes with affordable home loans.
The Good Neighbor Next Door Program ( GNND ) is an easy way to buy homes if you are a teacher, police officer or emergency medical technician. You can use this home loan program to buy a HUD foreclosed home or real estate through a traditional sale.
While HUD homes, which are foreclosed homes that had mortgages insured by the government, typically sell for less than market value, it can still be difficult to get a mortgage for one. The GNND program will help you get a home in a revitalization area. It only takes a few minutes to find out if you live in one of these areas. Once a house goes up for sale in one of these areas, you have up to five days to make a bid and buy that home. (copied from realtynow.com)
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