Good Neighbor Next Door

This program is designed to help make the American community stronger and help build a safer nation.
The goal of this program is to encourage persons whose daily professional responsibilities are in the community, to live and stay in the community. There for HUD has developed this program to help these workers to purchase homes located in revitalization areas at significant discount.

This program is for:

• Law Enforcement Officers.
• Teachers.
• Firefighters.
• Emergency Medical Technicians.

HUD on a annual basis sells a limited number of homes from their inventory at a 50% Discount! What makes this even more affordable is that the eligible participants can apply for a FHA mortgage with only $100. down payment! Due to the fact that many of these homes are located in a revitalization area of the community there may be additional assistance from state or local government. Also if the home needs repair the FHA 203k mortgage program can help, by providing financing for the purchasing and the cost of repairs to the home.

The Eligibility of this program is:
The Home buyer must be employed full time as a:

• Law Enforcement Officers.
• Teachers.
• Firefighters.
• Emergency Medical Technicians.

As well as certify that you intend to continue in this line of work for a minimum of 1 year after closing. You do not need to be a 1st time home buyer (or your spouse), but you cannot have owned a home for 1 year prior to the time a bid for purchase is submitted. Plus you must also agree to live in the home for a minimum of 3 years after, the purchase.

You can find HUD properties at this link: http://www.hud.gov/homes/