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Welcome
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Officer Next Door Loan Program Officer Next Door Loan ProgramPlease note that FHA has temporarily withdrawn this program. Please contact me as there are several other alternatives.
HUD wants to strengthen
America's communities and build a safer nation by offering homeownership
opportunities to law enforcement officers through the Officer Next Door Program.
Designated HUD-owned properties in revitalization areas will be available
under this program at a 50 percent discount. To make properties even more
affordable, when a law enforcement officer uses an FHA-insured mortgage the down
payment is $100.
The law enforcement officer must occupy the purchased property as his/her
principal residence for at least three years. Although not required, law
enforcement officers are encouraged to purchase a home in the community they
serve. HUD's designated revitalization areas are neighborhoods that have many vacant
properties, including properties needing extensive repairs, and have been
selected by the locality for economic development efforts. In order to purchase an Officer Next Door Home you must be pre-approved and have a letter of commitment for an approved loan. Also you will need a Realtor® to assist you with the purchase. Prequalify for the Officer Next Door Program. |
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