FHA Good Neighbor Next Door Mortgage Loan Program

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Pre-Kindergarten through 12th grade teachers, law enforcement officers and emergency/firefighters medical technicians can contribute to the revitalization of the community while becoming homeowners through HUD's Good Neighbor Next Door Sales Program. A substantial incentive in offered by HUD in the form of a discount of fifty percent from the list price of the home. However, you must commit to live in the property for thirty-six months as your sole residence.

How the Program Works: Eligible Single Family homes located in revitalization areas are listed exclusively for sales through the Good Neighbor Next Door Sales program. Properties are available for purchase through the program for five days.

HUD requires that the borrower sign a note and second mortgage for the discount amount. Provided that they fulfill the three-year occupancy requirement, no payments or interest are required on this "silent second".

The list of available properties changes weekly and the number of properties available is limited.

Law enforcement officers, pre-K through 12th grade teachers and firefighters/emergency medical technicians are eligible to purchase home through this program.

The selected bidder may purchase the property at a 50 percent discount from the list price. For example, if a HUD home is listed for $100,000, an officer can buy it for $50,000. To make a HUD home even more affordable, the borrower may apply for an FHA-insured mortgage with a down payment of only $100 and they may finance all closing costs.

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Although all information has been written in good faith and reviewed, please email us at [email protected] to report any inaccuracies.