Sometimes it seems like you can’t get a break if you serve your country, even if you aren’t in the military. Teachers, law enforcement officers, firefighters and other emergency personnel often get the bad end of the stick when it comes to their jobs. So it should come as a pleasant surprise that these jobs can work for you if you want to buy a home. The U.S. Department of Housing and Urban Development is making life just a little bit easier for those people who teach kids and make sure the streets are safe with the Good Neighbor Next Door Sales Program. HUD is offering eligible single family homes located in revitalization areas at a 50% discount from the list price of the home.
It’s not all barbecues and emerald-green lawns, though. You must be a full-time employee in the approved fields. HUD requires that you live in your new home as your only home for 36 months and that you sign a second mortgage, plus a note for this discounted amount. However, there will be no interest or unexpected payments on this mortgage, as long as you live in the place for three years as your only residence.
Revitalization areas can be a challenge to mold into a...
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