Here's something about home loans that you probably didn't know.

If you are a firefighter or an emergency medical technician, did you know you can buy a house with 50% off the sale price? Sound too good to be true? Well, it is true. Read on.

The U.S. Department of Housing Urban Development (HUD) has a program called the "Firefighter Next Door" program. The requirement of the program states that the buyer must be "employed as a full-time firefighter or emergency medical technician by a fire department or emergency medical services responder unit of the federal government, a state, a unit of general local government, or an Indian tribal government serving the area where the home is located. The employment requirement must be satisfied both at the time the firefighter or emergency medical technician submits a bid to purchase the home, and at the time of closing on the purchase of the home."

The house being purchased must be offered for sale by HUD. If you qualify for the program you will receive a 50% discount off the asking price of the house.

You can read more about the program here.

When looking for a home loan, the best path to take is to compare loans from different sites. And by all means contact your local financial institutions. Often the best deals are not on the net but down the street.

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