Good Neighbor Next Door Program Helps Teachers, Law Enforcement, Firefighters & EMTs Buy Homes
The U.S. Department of Housing and Urban Development instituted the Good Neighbor Next Door (GNND) sales program in 2010. The idea remains the same a decade later: spark community revitalization by offering a 50% discount on a home purchase to eligible law enforcement officers, teachers, EMTs and firefighters. If that sounds too good to be […]
How Startup Companies Are Helping Home Buyers Win Bidding Wars
In today’s ultra-competitive housing market, a number of startup companies are addressing new realities in home buying with a strategy based on an age-old truth – Cash is king. For first-time home buyers. For existing homeowners. The need for cash is the tie that binds. Programs initiated by such companies as Flyhomes, Knock, Ribbon, Orchard, […]
How to Buy a House with Little to No Money Down
The belief that you need a 20% down payment to secure a mortgage on a home is largely a misconception. At one point it was true, but these days not so much. Before 1956, when a bank foreclosed on a home, it often preferred to sell at a discount rather than hold on to the […]
What Programs are Available to Help African Americans Become Homeowners
If home is where the heart is, it’s also where wealth building frequently happens in America. That’s not a coincidence. “Homeownership has historically helped families create a legacy and build long-term wealth,” said AJ Barkley, Neighborhood and Community Lending Executive with Bank of America. “Homeownership helps people to establish savings discipline, enjoy tax benefits and […]
