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How to buy a home for half price

by Jamie Namock on July 3, 2013

I am sharing the Guidelines for Good Neighbor Next Door for you and/or your friends, neighbors, colleagues, or clients that are full time teachers from K-12, for full time firemen, full time police officers, or full time paramedics/EMTs and are looking to purchase a HUD approved home.

 

A borrower still has to qualify and be credit worthy.  The best way to find out if this is a fit for someone you can recommend is for them to call me for their mortgage pre-qualification.

 

Just as an example with this program, they can purchase a HUD approved home for $450,000. (as an example), live in it owner/occupied for 3 years, make payments on 1/2 of the purchase amount of $225,000. and the house is theirs. The other half of the purchase amount is forgiven by HUD.

 

This loan program is only for approved HUD homes.

The lender that I know that has this program is Local to Phoenix AZ. Please contact me if you or someone you know can take advantage of this program.

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