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Good Neighbor Next Door
US Dept. Housing & Urban Development
www.hud.gov

Program Overview

Good Neighbor Next Door is a program that provides a 50% discount on HUD-held homes with as little as $100 down payment. This program is specifically for firefighters, emergency medical technicians, polis officers and teachers/faculty (grades K-12) Available nationwide.

Property Eligibility Requirements

Homes must be located in HUD-designated Revitalization Areas. (http://hud.uai.com/hudpls/)

Benefit Details

The amount of assistance is 50% of the listing price of the residence. Benefit: The 50% discount is a subordinate lien that will be eliminated if the purchaser lives in the property as a principal residence for 3 years. After the 3-year period, any increase in equity/appreciation belongs to the homeowner. Loan Term: 36 mos. years Homebuyer Counseling / Education Required: No Owner Occupancy Required: Yes Other Program Comments: Offers must be submitted through a real estate broker. The purchaser does not have to be a first-time buyer, but may not own any other residential real property one year prior to the submission of an offer to purchase.

Please note: Every attempt is made to reflect accurate and up to date information on housing programs displayed on this site. Some inaccuracies may exist. For verification contact a certified REALTOR member or a participating Lender.