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Firefighters are encouraged to purchase a home in the community and/or in the approved targeted area
or revitalized areas in which they serve.
| What is coverd under the Fire Fighters: | | You must be a Firefighter or someone who works for the: | | federal government, | | a state government, or | | a unit of general local government, or | | an Indian tribal government serving the area where the home is located.
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| Those
Qualified for the Program | | 1.
Teachers - Kindergarden - 12 grade | | 2. Emergency Medical Technicans | | 3. Fire Fighters | | 4.
Law Enforcement Officers |
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Qualifying For An Firefighter Loan:
| HUD Requirements for You - the Fire Fighters
/ Purchaser: | | You must have been
in your profession for 2 Years Full-Time, and | | Commit to live in the home for at least 36 Months = 3 Years. | | The home must be owner occupied and your sole or only residence | | The home must be located in a revitalized area within the district that
you work in. |
This
home and loan product is identical to the Next Door Loan Program - for qualified professions, the homes can be located in designated revitalization areas or in any qualifying area in the county for the
loan products. | Very Important Financing Information for the Teachers: | | All properties purchases must be done by a HUD approved Agent
/ Broker | | The HUD
approved agent provides the request for available financing for the program, | | The Financing provides purchasers with a Silent Second for the
purchase. | | The
purchaser must be pre-approved before purchasing the property. |
You Must Be Officially Pre-Approved Before Purchase:
| HUD Requirements
for Agents / Brokers: | | This
is How You Obtain Access to a available Property: | | 1st You have to have a Licensed Agent / Broker - | | 2 The Licensed Agent / Broker must already be approved by HUD - and we are. | | 4. The Licensed Agent / Broker has access to the properties that are available
in your district, | | 4. -
The Licensed Agent / Broker must be sure that you a pre-approved before making a bid. | | 5. - The Licensed Agent / Broker must receive a 'Earnest Money Deposit'
before a bid is made. | 3
- The Licensed Agent / Broker is the one who makes the purchase bid in your favor to HUD. | | 5 - The Licensed Agent / Broker makes the bid for
the full price and is discounted 1/2 price at closing. |
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