Good Neighbor Next DoorYou're absolutely right! The HUD Good Neighbor Next Door Program is a fantastic opportunity for teachers, police officers, firefighters and EMTs to become homeowners. Let's break down the details: Discount on HUD Homes: HUD offers a 50% discount on the list price of eligible single-family homes in revitalization areas to qualifying participants in the Good Neighbor Next Door program. In your example, a $250,000 home would be discounted to $125,000. First Choice on Properties: Another benefit of the program is the priority given to these qualified buyers. They get the first chance to purchase eligible homes before they are offered to the general public. Limited Inventory in NC: While the program itself is excellent, there's a caveat. You mentioned that there are ve... 06/29/2024

Can we do a room addition with an FHA 203k?Yes, indeed a simple room addition to get more SF on your home or an ADU (Accessory Dwelling Unit) and create a rental property for additional income or an in-law set up.This is one of the big perks for the FHA 203k loan. You can update, remodel, add on, add an ADU (Accessory Dwelling Unit), replace retaining wall, add a retaining wall, replace a roof, do energy efficient improvements, add solar provided you own the system and it isn't leased, replace entire electrical and plumbing systems or repair any portion that needs attention. You name it and we can likely fix it. I have replaced homes that were rotted out but the foundation was useable and we have installed foundations on homes that never had a perimeter foundation. Let us know if you ha... 03/21/2024