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Simora [160]
3 years ago
10

Jean is a high school English teacher. With the Good Neighbor Next Door program, she’s able to buy a foreclosed FHA-insured prop

erty ______, though she does have to agree to live on the property for three years.
Social Studies
1 answer:
Evgen [1.6K]3 years ago
4 0

Answer:

<em>I can see that there are no choices.</em>

FHA-insured property loan

Explanation:

The "Good Neighbor Program" is a program given for the teachers, firefighters and law enforcement officers. This program gives them the opportunity to <u>purchase homes at a lower rate</u> in<em> revitalization areas.</em>

Availing of a Federal Housing Administration Loan comes with many conditions. Your <u>credit score</u> will determine your down payment. Credit score for FHA Loan is <em>lower than conventional loans. </em>

The FHA-insured property loan can only be used as a residential area and <u>not for rental purposes or other investment reasons.</u> Thus, Jean needs to live on the property for three years.

So, this explains the answer.

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