Semper Celebrates Teachers

Teachers are the cornerstone of society and are often underrated, under paid and under-appreciated. Teachers are forming the doctors, scientists, writers, and business owners of tomorrow. From kindergarten through high school, we all remember the few teachers who had a positive impact on our lives. Those of us who were raised by teachers experienced firsthand how hard work and perseverance truly made a difference in the lives of so many students.

Here at Semper we are celebrating teachers everyday with the ‘Good Neighbor Next Door’ loan program (GNND). The U.S. Department of Housing and Urban Development (HUD) are striving to make American communities stronger by encouraging teachers to purchase homes in revitalization areas. The GNND program helps make this goal a reality by offering pre-K through 12th grade educators up to 50% off the listing price of certain properties in certain areas of their state.

Qualified teachers are those who are employed full-time in a state accredited public school or private school that provides direct services to students K-12. However, one must be purchasing a home in the neighborhood / school district where you are employed; that property also must be in what is considered a ‘revitalization’ area.

The HUD GOV website is an excellent resource to find where these areas are in your state and which approved single-family homes for sale are part of this program. Teachers who qualify will have a household Income below a certain amount, must be applying to purchase a single-family property, the areas home ownership rate in the surrounding neighborhood must be within a certain percentage and the number of homes that are in foreclosure is also taken into consideration. HUD is continuously adding new areas into the program. One may contact the FHA Resource Center to discuss and further educate themselves on the existing revival areas or how to go about creating a new area.

Another bonus of this program is that law enforcement, firefighters, and emergency medical technicians are also eligible!

Contact your nearest Semper Branch for more information on how you can take advantage of this amazing program! Thank you to all the teachers who put our nations education at the forefront of their lives.

Categories: Closing on a Home, FHA Loans

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