 |
MD's
/ Doctors and/or |
MD's
/ Doctors and Emergency Medical Technicians can get a
50% Discount on the Purchase Price of a Home
For
Example: if the home is appraised at $200,000.00
you can purchase it for $100,000.00.
The full price must be offered at first and the discount is applied at the
Close of Escrow.
| What is coverd under the MD's and/or Emergency Medical Technicians |
| Must Be a Emergency Medical Technician or Emergency Medical Services responder for the: |
|
Federal Government, |
| State Government, or |
| Local Government, or |
| Indian Tribal Government serving the area where the home is located. |
Emergency Responder
Loan Programs:
|
|
| HUD Requirements for You - the Emergency Medical Technician / 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 Next Door Loan Program - is available for qualified professions, the homes can be located in designated revitalization areas or in any qualifying area in the county.
| Very Important Financing Information for the MD's or Medical Techs: |
| 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: |
| 1. You have to have a Licensed Agent / Broker - |
| 2 The Licensed Agent / Broker must already be approved by HUD - and we are. |
| 3. 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. |
|
6. The Licensed Agent / Broker is the one who makes the purchase bid in your favor to HUD. |
| 7. The Licensed Agent / Broker makes the bid for the full price and is discounted 1/2 price at closing. |