What Are the Requirements of the Good Neighbor Next Door Program?

First, you must be an intended recipient of the Good Neighbor Next Door loan: either a full-time law enforcement officer, teacher, firefighter, emergency medical technician, or other public service worker.

Second, you must purchase the property to be your primary residence and live there for at least 36 months.

Third, the property itself must be a qualifying home in a qualifying community. You cannot own another property at the time of purchase or within one year of purchasing the home.

Note that the Good Neighbor Next Door opportunity provides the discounted price only for a limited time, seven days after the home is first listed, after which the home increases to full price and is listed to the public.