Question

Jean is a high school English teacher. With the Good Neighbor Next Door program, she’s able to buy a foreclosed FHA-insured property ______, though she does have to agree to live on the property for three years.

Answer 1

I can see that there are no choices.

FHA-insured property loan

Step-by-step explanation:

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

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

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

So, this explains the answer.