BEST ANSWER
Al Akerman,
Mortgage Broker or Lender, New Jersey
It is not too easy but well worth it if you fit the mold.
You would have to be a firefighter, teacher, EMT or police officer willing to move to a HUD designated revitaliztion area. You can look for areas in your state by following this link:
http://hud.uai.com/hudpls/FindArea.aspx
You would have to find a HUD owned home in the area of your choice. You have to be pretty quick with your offers when you see something you like.
If you buy a home you have to live there for three years. The 50% discount is held as a second mortgage and then released or forgiven after three years.
I hope this was helpful.
Good luck.
You would have to be a firefighter, teacher, EMT or police officer willing to move to a HUD designated revitaliztion area. You can look for areas in your state by following this link:
http://hud.uai.com/hudpls/FindArea.aspx
You would have to find a HUD owned home in the area of your choice. You have to be pretty quick with your offers when you see something you like.
If you buy a home you have to live there for three years. The 50% discount is held as a second mortgage and then released or forgiven after three years.
I hope this was helpful.
Good luck.
Cassie
Perhaps you'd be interested in looking at this site. It is a Fed. Gov. site and has all the current Fed Gov. programs... You can get specific information, compare options, or take a short questionnaire to determine your eligibility for each program.
http://www.govloans.gov/govloans_en.portal?_nfls=false&_…
Good luck, Dunes
Quality is just a word but Quantity is a Level3 VIP Badge..
Perhaps you'd be interested in looking at this site. It is a Fed. Gov. site and has all the current Fed Gov. programs... You can get specific information, compare options, or take a short questionnaire to determine your eligibility for each program.
http://www.govloans.gov/govloans_en.portal?_nfls=false&_…
Good luck, Dunes
Quality is just a word but Quantity is a Level3 VIP Badge..
