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Good Neighbor Next Door Home Loan Program
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. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return you must commit to live in the property for 36 months as your sole residence.
How the Program Works
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.
How to Participate in Good Neighbor Next Door
Check the listings for your state. Follow the instructions to submit your interest in purchasing a specific home. If more than one person submits an offer on a single home a selection will be made by random lottery. You must meet the requirements for a law enforcement officer, teacher, firefighter or emergency medical technician and comply with HUD's regulations for the program.
HUD requires that you sign a second mortgage and note for the discount amount. No interest or payments are required on this "silent second" provided that you fulfill the three-year occupancy requirement.
The number of properties available is limited and the list of available properties changes weekly.
Qualifying HUD Properties
Delta Estates Townhomes is centrally located within walking distance of the Terrace Plaza shopping center situated just a few blocks from the I-5 freeway entrance and le...
- 2028015 MLS
- ACTIVE Status
Listing courtesy of Pacific Crest.
NOTE: Large price adjustment on this property. Two story home in Willow Creek. Melbourne floor plan with 4 bedrooms & main floor den/office. Primary bedroom with outside ...
- 4 Beds
- 3 Baths
- 2020296 MLS
- ACTIVE Status
Listing courtesy of CENTURY 21 North Homes Realty.
Fixer home in Greenwater Meadows community waiting for someone to love it! Get ready to roll up your sleeves and earn instant equity. The home needs to be completely redo...
- 3 Beds
- 2 Baths
- 2020261 MLS
- ACTIVE Status
Listing courtesy of CENTURY 21 North Homes Realty.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
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