HUD: Good Neighbor Next Door Financing Program

November 6, 2015August 22, 2016 HomeHUB Editorial Board 1322 Views Adams, All Counties, Allegheny, Armstrong, Beaver, Bedford, Berks, Blair, Bradford, Bucks, Butler, Cambria, Cameron, Carbon, Centre, Chester, Clarion, Clearfield, Clinton, Columbia, Crawford, Cumberland, Dauphin, Delaware, Elk, Erie, Fayette, Forest, Franklin, Fulton, Greene, Huntingdon, Indiana, Jefferson, Juniata, Lackawanna, Lancaster, Lawrence, Lebanon, Lehigh, Luzerne, Lycoming, McKean, Mercer, Mifflin, Monroe, Montgomery, Montour, Northampton, Northumberland, Perry, Philadelphia, Pike, Potter, Schuylkill, Snyder, Somerset, Sullivan, Susquehanna, Tioga, Union, Venango, Warren, Washington, Wayne, Westmoreland, Wyoming, York

The Good Neighbor Next Door financing program is a neighborhood revitalization initiative provided through HUD. The initiative is designed to encourage law enforcement officers, eligible teachers, firefighters, and Emergency Medical Technicians (EMT) to live in the low- and moderate-income neighborhoods where they work.Under this initiative, eligible borrowers purchase HUD-acquired homes located in HUD-designated revitalization areas: at a 50% discount from the list price; with a down payment of $100 (applies only if FHA financing is used).HUD places a 50%, zero-interest, forgivable, second mortgage on the property. Click here to learn more.

Contact: Interested qualified borrowers should contact the Property Disposition (PD) Office in their local HUD office for a listing of eligible PD properties in their area. HUD Offices are in Philadelphia and Pittsburgh

Phone: (215) 656-0500; (412) 644-6428

URL: http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/reo/goodn/gnndabot