Good Neighbor Next Door Program

Good Neighbor Next Door

The following is information about the Good Neighbor Next Door program. There are many homes located in  Harford county and surrounding areas that qualify. It is a wonderful program that can help those who serve our community in select roles. The program is called The Good Neighbor Next Door.

Are you a Police Officer, Firefighter, EMT or

Teacher?

If you qualify for the Good Neighbor Next Door Program you could recieve 50% off of the purchase of a home!!

WHAT IS THE G.N.N.D. PROGRAM?

• It is designed to help police officers and full time firemen, EMT's and teachers (pre-k - 12th grade) purchase affordable homes in their community.


• HUD will offer 50% discount off the purchase of a home


• Home financing is available through FHA

 

HOW DOES IT WORK?

• The subject property must be located in a HUD revitalization area and be listed for sale through the Good Neighbor Next Door program


• The homebuyer can not have owned a home for a period of not less than one year prior to sumitting an offer


• The homebuyer must commit to living in the home as their primary residence for three years


• HUD will subsidize the sales price of the home by 50% through a "silent" second mortgage, wich requires no payments or interest as long as the homeowner lives there for three years.


• At the end of the three year period, the second mortgage is forgiven

 

There is a number of homes in Harford county including areas such as Aberdeen, Abingdon, Bel Air 21014, , Churchville, Fallston and Forest Hill to name a few. Feel free to contact me and myself or Teresa Hurley will be happy to help you navigate through the process to see if you qualify.

Paul Gillespie - Realtor  Exit Preferred Realty - Specializing in helping people market homes and finding houses for you to call home. I work in Harford County MD and surrounding areas. Specialty neighborhoods include but are not limited to Abingdon, Aberdeen, Bel Air North, Bel Air South, Fallston and Forest Hill.

Exit Mid Atlantic is Growing Fast!

443-852-1632 or 410-670-9100