Teachers, firemen, policemen, paramedics, etc, can buy a HUD foreclosed home, in certain designated areas, for 50% of the offered price--and then combine it with a 203k loan to fix it up.
For example, if HUD lists a home at $100,000, you can buy it for $50,000 provided; you occupy the home as your personal residence for the required occupancy period. If you qualify for any FHA-insured mortgage program, your down payment is only $100 and you may finance closing costs.
If you need a referral to Realtor that specializes in HUD foreclosures please call me at 832-724-0740.
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