Government-sponsored payment assistance programs provide enormous savings for eligible homebuyers, but some offer more than others. Certain professionals can purchase a home for up to 50% off the list price through the federal Good Neighbor Next Door program. Teachers, firefighters, emergency medical technicians (EMTs), and law enforcement officers, all professionals considered public servants (who often have limited incomes) qualify. They can receive significant savings on select properties in urban development and revitalization areas by committing to a three-year occupancy requirement in the property. With the median home price over $410,000 today, this discount can be a considerable savings for eligible homebuyers. The Good Neighbor Next Door Program seeks to help public servants while serving communities in need. So, what is the Good Neighbor Next Door program? And how do eligible participants apply? What is the Good Neighbor Next Door Program? The Good Neighbor Next Door program is a federal homeownership … Continued
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