For Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians, HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return you must commit to live in the property for 36 months as your sole residence.
When a law enforcement officer, teacher, firefighter, or emergency medical technician chooses to use an FHA- insured mortgage, the down payment is $100.
Eligible Single Family homes located in revitalization areas are listed exclusively for sales through the Good Neighbor Next Door Sales program. GNND buyers can bid in lottery, exclusive, and extended phases, but can bid exclusively on insured single unit homes in revitalization areas in the lottery phase. GNND buyers are given preference over government agencies and nonprofits in the selection of a bid-winner in the lottery phase.
Search for available properties at www.hudhomestore.com. Enter State and Buyer Type: Good Neighbor Next Door.
Good Neighbor Next Door program Q&A here.
Here are the available HUD properties in SD County: HUD foreclosures in SD County