Good Neighbor NExt Door
What is the good neighbor next door program?
U.S. Department of Housing and Urban Development (HUD) offers a substantial incentive in form of a discount of 50% from the list price of a home to incentivize contribution to community revitilaztion while becoming homeowners.
Law enforcement officers, pre-Kindergarten through 12th grade teachers, firefighters and emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD's Good Neighbor Next Door Sales Program.
You may participate in the Good Neighbor Next Door program as a law enforcement officer if you are employed full-time by a law enforcement agency of the federal government, a state, a unit of general local government, or an Indian tribal government; and, in carrying out such full-time employment, you are sworn to uphold, and make arrests for violations of, federal, state, tribal, county, township, or municipal laws.
You may participate in the Good Neighbor Next Door program as a Teacher if you are employed as a full-time teacher by a state-accredited public school or private school that provides direct services to students in grades pre-kindergarten through 12. In addition, the public or private school where you are employed as a teacher must serve students from the area where the home you are purchasing is located in the normal course of business.
Firefighter/Emergency Medical Technicians
You may participate in the Good Neighbor Next Door program as a Firefighter/Emergency Medical Technician if you are employed full-time as a firefighter or emergency medical technician by a fire department or emergency medical services responder unit of the federal government, a state, unit of general local government, or an Indian tribal government serving the area where the home is located.
Good Neighbor Next Door properties can be purchased with FHA, FHA 203(k), conventional or cash. Hud requires that you sign a second "silent" mortgage note. This is a silent second mortgage that is forgiven 1/36th every month until you fulfill the three year occupancy requirement. A 5% buyers premium is paid on the list price can be financed.
properties that qualify
Single family properties located in in revitalization areas. Good Neighbor Next Door sales are exclusively reserved for the lottery for seven days. Check The Listings In Your State.
How to participate
Fill out our Good Neighbor Next Door Questionnaire to receive more information.