Teacher Next
Door Program
...............................................................................The Teacher Next Door (TND) Initiative offers HUD-acquired, single
family homes to public school teachers with the following significant benefits:
- 50 percent discount off appraised value.
- Only $100 Down Payment required*.
Under the Teacher Next Door program, HUD offers homes located in designated
revitalization areas. Revitalization areas are typically in low- and moderate-income
neighborhoods, have many vacant properties and often have high crime rates, but are
considered good candidates for economic development and improvement.
Homes offered for sale in the program were previously insured through the FHA and then
foreclosed. HUD also reduces the downpayment requirement to just $100 if the home is
purchased with an FHA insured mortgage.
Following are the requirements that Teachers must meet to use the program:
- Teacher must live in the property as their sole residence for at least three years after
purchase.
- A "teacher" is defined as an individual employed full time by a public school,
private school, or Federal, State, county, or municipal educational agency as a
State-certified classroom teacher or administrator in grades K through 12.
In order to purchase an Teacher Next Door Home you should
be pre-approved and have a letter of commitment for an approved loan.
Once your offer has been accepted, you will have only
48hrs. to provide the required deposit and begin your loan approval process. Get started
before making your offer to insure a smooth, stress free, transaction.
If you are interested in purchasing a Teacher Next Door home, take a
moment to learn about real estate financing and  FHA
Loan Qualifying
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