Can I do good neighbor next door in conjunction with fha home loan in texas?
I've been teaching for 3 years, only have the down payment for FHA but also looking into Good Neighbor Next Door to lower my costs further. Can I do these programs together and all tjhrough one lender? by 2verabaiter78643529 from Campbell, Texas. Nov 10th 2014
Brian Allen (ballen)
#43 ranked lender in Maryland - 193 contributions
Yes, Eligible Single Family homes located in revitalization areas are listed exclusively for sale through the Good Neighbor Next Door Sales program. Properties are available for purchase through the program for seven days.HUD requires that you sign a second mortgage and note for the discount amount. No interest or payments are required on this "silent second" provided that you fulfill the three-year occupancy requirement.
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