Good Neighbor Next Door Program

El Paso Good Neighbor Next Door Realtors

homes-el-paso.comGood Neighbor Next Door Program – El Paso Texas Many El Paso Texas Residents are not aware of the Good Neighbor Next Door Program offered through the Department of Housing and Urban Development (HUD). Buyers that qualify for the program include full-time teachers, firefighters, police officers, and EMTs.

Current list of Homes for GNND

Buyers can choose from HUD homes (FHA insured foreclosures) in specific areas of El Paso Texas that are considered revitalization areas. Qualified buyers can purchase a HUD home for 50% of the appraised value! If the home needs work, buyers may be eligible for an FHA 203(k) Rehab Loan to assist them financially with needed repairs. Once the home is financed, the amount discounted off of the list price is recorded as a silent second mortgage which is a type of grant. The home cannot be sold until after the buyer meets HUD’s required guidelines during the first three years. The Teacher, Police officer or EMT is required to live in the home as their primary residence for at least three years. The second mortgage is released once the home is sold. The home must be located in the area where they serve.

HUD offers a FAQ on their website regarding the Good Neighbor Next Door Program.

For further information on available Homes in El Paso Texas contact your El Paso Texas Realtor, Yvonne Russell, SRES

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Mrs. Russell helped me purchase my home in 2013 and I highly recommend her and hope you will choose her to assist you in the purchase of your dream ... more

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I have bought 5 homes,Yvonne is by far the best advocate She is extremely trustworthy, knowledgeable, ethical and thorough. I trusted her 100% during ... more

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Always available when we needed to reach her. She know the area and is "tech savy". She helped finalize the purchase even though we were out if the ... more

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