NewsSmart Shopper

Actions

Get a new home at half the listing cost!

Posted at 5:54 AM, May 21, 2018
and last updated 2018-05-21 09:14:01-04

Are you in the market for a new home? Wouldn't you love to cut that listing price in half? Well, some people can!

If you or someone you know is a law enforcement officer, a teacher, a firefighter or emergency medical technician, listen up!

The United States Department of Housing and Urban Development has what's called the Good Neighbor Next Door Program!

Here's how it works: HUD owns many single-family homes in revitalization areas, AKA parts of the country that need some economic and community development.

For people who qualify, if the HUD home was listed for $100,000, the teachers, police officers and first responders will get it for $50,000.

Plus, depending on your circumstance, you could have a down payment as little as $100.

There's a whole list of requirements you must meet to be eligible.

If you are you are required to live in that home for three years and it has to be your sole residence.

I found the revitalization areas in our state. The prices ranged from about $63,000 to just over $108,000 -- and your price would be half of that!