Buy Your Home for 50% Off If You’re A Teacher, Firefighter/EMS, or Law Enforcement Officer – HUD’s Good Neighbor Next Door Program

Did you know that HUD has a Good Neighbor Next Door Program that allows certain people to buy HUD homes for 50% off? There are some hoops and some requirements, properties are hard to find, but if you can find one, this program is a great opportunity!

Who Qualifies:

  • Teachers
  • Law Enforcement Officers
  • Firefighters/Emergency Medical Technicians
How It Works:
  • You must buy a house from HUD’s listings (these are Government owned foreclosures)
  • You must pay full price for the house and use a real estate agent
  • HUD will issue a “Silent Second” mortgage for 50% of the price, which will require no payment and no interest if you occupy the property as your primary residence for 36 months (3 years). I.e. If the asking price is $100,000, you’ll only be paying $50,000 for the house. After 36 months, you can sell the property at market value as a regular sale and keep all of the equity/appreciation.
  • You do not need to be a first time home buyer, but you can NOT have owned a property in the year prior to your purchase.
  • The properties are located in Revitalization areas across the state.
How Do I Find A Property:
Read more on the program on HUD’s Website.