Good Neighbor Next Door
As a local lender, we understand the importance of serving those who help improve the communities in which we all work and live.
If you are a law enforcement officer, pre-kindergarten – 12th grade teacher, firefighter or emergency medical technician, you may be eligible to participate in the revitalization of your community while also becoming a homeowner through the U.S. Department of Housing and Urban Development (HUD) Good Neighbor Next Door program.
Highlights of Good Neighbor Next Door:
- Discount of 50% from the list price of HUD Homes located in revitalization areas1
- Applicants not required to be first-time home buyers2
- No income limits
- 1-unit single family primary residences, townhouses and condominiums eligible
Program requirements for buyers:
- Must be a law enforcement officer, pre-kindergarten – 12th grade teacher, firefighter or emergency medical technician
- Must have a HUD approved real estate agent through which any purchase offers must be submitted
- Must commit to live in the property for 36 months as sole residence
- Must sign a 2nd mortgage and note in the amount of the 50% discount.3
Some and/or all qualifying criteria may be set by independent third party program sponsors.
1. Eligible Single Family homes located in revitalization areas are listed exclusively for sale through the Good Neighbor Next Door Sales program. Properties are available for purchase through the program for seven days.The number of properties available is limited and list of available properties changes weekly. Check listings for eligible properties in your state at www.hudhomestore.com.
2. Borrowers may not own any property at time offer is submitted and for 1 year prior to that date.
3. No interest or payments are required on the 2nd mortgage provided the three-year occupancy requirement is fulfilled.
*Not all borrowers will qualify
*Not all borrowers will qualify