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FHA Loan Questions: The Good Neighbor Next Door Program

A reader asked us a question recently in the comments section about the HUD Good Neighbor Next Door program. "I am a 13 year veteran Corrections Officer of the Maryland's DCSCS and I wanted to inquire as to whether or not I qualified for the Good Neighbor Next Door Program."
The HUD Good Neighbor Next Door program is mentioned on the FHA/HUD official site, which states, "Law enforcement officers, pre-Kindergarten through 12th grade teachers, firefighters and emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD's Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return you must commit to live in the property for 36 months as your sole residence."
The program works by directing eligible borrowers to "Single Family homes located in revitalization areas" which are listed "exclusively for sale through the Good Neighbor Next Door Sales program. Properties are available for purchase through the program for seven days."
Who is permitted to participate in this program? According to the HUD official site:
"Law Enforcement
You may participate in the Good Neighbor Next Door program as a law enforcement officer if you are ... more

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