Tag Good Neighbor Next Door Program

Tag Good Neighbor Next Door Program

Good Neighbor Next Door Program

John Thomas May 17, 2019 Tags: , , ,
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If you wish to purchase a home and you’re either a law enforcement officer, firefighter, teacher or emergency medical technician, the Good Neighbor Next Door Program may have the best deal available for you!

It’s called the Good Neighbor Next Door Program—a reward by the US Department of Housing and Urban Development (HUD) for America’s “good neighbors.”

The Benefits of Good Neighbor Next Door Program in a Nutshell

  • Buy HUD REO homes for 50% off list price with today’s current mortgage rates.
  • Pay only $100 down payment when you buy any eligible HUD home at half-off its price.

How Does the GNND Program Work?

Eligible Single Family homes located in revitalization areas are listed exclusively for sale through the Good Neighbor Next Door program (GNND). Properties are available for purchase through the program for Seven days. Keep Reading...

Delaware FHA Good Neighbor Next Door Loan Program

John Thomas July 25, 2013 Tags: , , , ,
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FHAupdate

Delaware FHA Good Neighbor Next Door (GNND) is the new name for an old FHA Loan Program.  Most of you may know it as the Delaware Teacher Next Door Program or Delaware Officer Next Door Program.  In 2005 HUD changed the program to include firefighters and emergency medical technicians (EMTs).

If you would like to apply for the Good Neighbor Next Door Program, please give us a call at 302-703-0727 or apply online

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  • Specifically for designated HUD homes in revitalization areas
  • $100 down
  • 50% discount (provided by HUD as a silent second mortgage)
  • Silent second mortgage released after buyer occupies as a primary residence for 36 months
  • Active Duty Military Deployment is not considered an occupancy violation
  • All equity/profit is a buyer’s after an initial 36-month period (Silent Second Mortgage Forgiven!)
  • HUD doesn’t pay closing costs, prepaids, or selling agent commission; however, ALL can be rolled into new FHA loan
  • Bid MUST be submitted by registered HUD Real Estate Agent

    • Keep Reading...