Eligible candidates may purchase a property at a 50% discount from the current appraised value. For example, if the home has an appraised value of $150,000, you can buy it for $75,000. You can also apply for an FHA-insured mortgage and finance all closing costs, repairs, improvements, appliances and acquisition expenses. You must live in the home as your primary residence for three years to take complete advantage of the grant. After that, you can sell the home and keep all the profit, turn it into a rental home, or live in it as long as you like. There are no further restrictions after the three year commitment has been fulfilled.
All participants must be employed full-time by a federal, state, county, municipal government, Indian tribal government, division of local government, or a public/private school. Current homeowners CAN NOT participate and neither you nor your spouse can have owned any other residential real estate for one year prior to participation. Each occupation has further restrictions.
Sign up to get email and text message notifications of available homes in your area. Homes are only available for 7 days on this program and it is vital that you are notified quickly in order to participate. Everyone has an equal opportunity to purchase each house available. HUD randomly selects from all candidates interested in a particular property. We will assign a real estate Agent to assist you and provide you with Mortgage Lender information to get pre-qualified so that you are ready to take advantage of the best federal program in the nation which rewards you for your dedication to the community.
Very good! Many homes have been awarded to participants because they were the only interested party. If one Teacher, one Firefighter and one Officer are interested in the same house, everyone has an equal opportunity and a 33% chance of becoming the Buyer. The odds of being selected the Buyer are directly proportionate to the number of interested participants. Many GNND homes have been lost from the program because there were no interested candidates during the 7 day GNND period.
Law Enforcement Officers are restricted to GNND homes that are within a reasonable commuting distance, since the home must be their primary residence. Your employer must certify that you are employed full-time by a law enforcement agency of the federal government, a state, a unit of general local government or an Indian tribal government. Also, in carrying out such full-time employment, the person is sworn to uphold, and make arrests for violations of, federal, state, tribal, county, parish, township, or municipal law.
Public teachers are eligible for any home within the boundaries of their employer’s district. Private school teachers are eligible for any home within the servicing area of their employer. Your employer must certify that you are employed full-time by a state-accredited public school or private school, as a classroom teacher in grades Pre-Kindergarten through 12th grade and that your agency serves students from the school district or, in the case of a private school, from the area where the home is located in the normal course of business.
First responders employed by privately owned companies are not eligible. Your employer must certify that you are employed as a Firefighter or Emergency Medical Technician by a fire department or emergency medical services responder unit of the federal government, state, parish, a unit of general local government, or an Indian tribal government serving the area where the home is located.