GNND is a program offered by the HUD that allows individuals who work in specific public service jobs to purchase qualified homes at a discount.
Good Neighbor Next Door Program may help you purchase a home in a revitalization area, If you qualify for GNND, you can buy HUD homes at a 50% discount.
In order to qualify for GNND program, you must be or have been a law enforcement officer, teacher, emergency medical technician or firefighter.
As long as you match the lender's standards, you can use any sort of mortgage to purchase a GNND home, but using an FHA loan has particular advantages.
You can search for homes for sale through the Good Neighbor Next Door program at the HUD Homestore website.
Once you’ve lived in the home as your primary residence for 3 years, you’re free to leave. The house might be sold or kept as a rental building.