Good Neighbor Next Door: Special Homebuyer Program for Community Heroes
Discounted Homes | Exclusive for Teachers & First Responders | Build a Community Where You Serve
The Good Neighbor Next Door program offers significant home discounts to teachers, law enforcement officers, firefighters, and EMTs. Designed to help community heroes live where they work, this program provides a 50% discount on eligible homes in revitalization areas.
In Washington, D.C., eligible buyers can find affordable housing options close to their workplaces, strengthening community ties while achieving homeownership.
What Is a Good Neighbor Next Door Loan?
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- 50% Home Discount: Half-price on eligible homes.
- For Teachers & First Responders: Exclusively for law enforcement, firefighters, EMTs, and educators.
- Revitalization Areas: Properties in designated neighborhoods.
- Community Building: Encourages living where you serve.
- Quick Purchase Requirement: 3-day window to submit interest.
- Owner-Occupied Homes: Must live in the home for three years.
Who Qualifies for a Good Neighbor Next Door Loan?
- Teachers & Educators: Full-time pre-K through 12th-grade teachers.
- Law Enforcement Officers: Local, state, or federal officers.
- Firefighters & EMTs: Full-time firefighters or emergency medical technicians.
- Primary Residence Requirement: Must live in the purchased home.
- Revitalization Areas: Properties in designated neighborhoods.
- 3-Year Commitment: Must own and live for three years.
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Good Neighbor Next Door vs. Conventional Loans: Key Differences
*Loan eligibility and terms depend on lender approval and Good Neighbor Next Door guidelines.
Conventional Loans
VHDA Loans
How to Apply for Good Neighbor Next Door
Verify your employment as a teacher, law enforcement officer, firefighter, or EMT.
Check if the property is in a designated revitalization area.
Confirm you can commit to living in the home for three years.
Gather financial documents, including proof of income and credit history.
Contact an approved lender familiar with the Good Neighbor Next Door program.
Submit your information for pre-qualification to understand your budget.
Search for eligible properties in revitalization areas on the HUD website.
Act quickly—submit interest within three days of the listing.
Work with a HUD-approved real estate agent to make an offer
Complete the formal loan application with your chosen lender.
Provide necessary documentation, including employment verification and proof of residency.
Close on your new home and commit to living there for at least three years.
Frequently Asked Questions About VHDA Loans
What are Good Neighbor Next Door Program Homes for Sale?
Good Neighbor Next Door program homes for sale are HUD-owned properties in designated revitalization areas. They are offered at a 50% discount exclusively for teachers, law enforcement officers, firefighters, and EMTs.
Where Can I Find Good Neighbor Next Door Listings?
You can find Good Neighbor Next Door listings on the official HUD website. These properties are in revitalization areas and are available at discounted rates for community heroes.
What Are the Credit Requirements for Good Neighbor Next Door?
Good Neighbor Next Door credit requirements vary by lender but generally require a minimum credit score of 620. Some lenders may have more flexible credit guidelines for this program.
What Are Good Neighbor Next Door Revitalization Areas?
Good Neighbor Next Door revitalization areas are neighborhoods identified by HUD for economic growth. Homes in these areas are discounted by 50% to encourage community heroes to live and work locally.
Do Nurses Qualify for Good Neighbor Next Door?
No, nurses do not qualify for the Good Neighbor Next Door program. It is exclusively for teachers, law enforcement officers, firefighters, and EMTs. Other housing programs may be available for nurses.
Get Started with Your VHDA Loan Today
Good Neighbor Next Door loans help teachers, law enforcement officers, firefighters, and EMTs achieve affordable homeownership in revitalization areas. As a dedicated loan officer, I can guide you through the process ensuring you find the best options to meet your needs.
Reach out to learn more!