Be a Good Neighbor Next Door
Contribute to community revitalization with the Good Neighbor Next Door Program.
The U.S. Department of Housing and Urban Development’s (HUD) Good Neighbor Next Door Program is an offer for full-time law enforcement officers, pre-kindergarten through 12th grade teachers, firefighters and emergency medical technicians who meet HUD requirements.
It gives eligible participants a 50% discount from the purchase price of a home located in a revitalization area.
Program Highlights & Requirements:
- Eligible, single-family homes located in revitalization areas are listed exclusively for sale through the Good Neighbor Next Door Sales Program
- Participants must commit to live in the property for 36 months as their sole residence*
- Participants must sign a second mortgage for the discount amount. No repayment is required if you occupy the residence for 3 years
When using FHA-insured financing, the borrower may purchase a HUD REO property with a minimum down payment of $100. Additionally, the borrower may roll in reasonable closing cost into the mortgage. Qualified borrowers may search for properties available under the program at http://hudhomestore.com/HudHome/Index.aspx
*PrimeLending and HUD are not affiliated. Additional restrictions may apply. Contact your PrimeLending loan officer for more details.