Who is eligible?
Law enforcement officers, teachers and firefighters/emergency medical technicians and who meet the eligibility requirements of the program.
Types of discounts offered:
You can get a 50 percent discount off the HUD appraised value. For example, if HUD lists a home at $100,000, you can buy it for $50,000 provided, you occupy the home as your personal residence for the required occupancy period. If you qualify for any FHA-insured mortgage program, your down payment is only $100 and you may finance closing costs.
For complete info, visit the Department of Housing and Urban Development’s FAQ page by clicking here.
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