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HUD Officer Next Door Program



HUD has a program called HUD Officer Next Door.

HUD wants to improve neighborhood across the United States. They believe one way of doing that is offering HUD Homes to people with certain occupations. One of these occupations is a law enforcement officer. The thinking is an officer next day would help improved public safety.

The HUD Officer Next Door (OND) program helps make this goal a reality by encouraging these valuable professional public servants to become homeowners in revitalization areas.

Who Can Participate?

You must be a full-time, sworn law enforcement officer who is "employed full-time by a Federal, state, county or municipal government; or a public or private college or university."

You must be "sworn to uphold, and make arrests for violations of, Federal, state, county, or municipal law." Your employer must certify that you are a full-time police officer with the general power of arrest.

You don't have to be a first-time homebuyer to participate. However, you cannot own any other home at the time you close on your HUD Officer Next Door home. You must agree to live in the HUD Officer Next Door home as your only residence for three years after you move into it.

How do I participate?

HUD Officer Next Door Program property is listed and sold exclusively over the Internet. Properties are single family homes located in Revitalization Areas.

Properties available through the program are marked with a special Officer Next Door button. Bids are awarded once each week. Your bid must be the amount of the list price.

You may submit your bid directly or utilize the services of a real estate broker. Winning bids are randomly selected by computer. The winning bid is posted each week on the website where you made your bid.

You may also buy a home from a government agency or a nonprofit organization that bought the home from HUD. When an agency or nonprofit buys the house, HUD expects the full discount to be passed on to you.

In all cases, HUD requires that you sign a second mortgage and note for the discount amount. No interest or payments are required on this "silent second" provided that you fulfill the three-year occupancy requirement.

What Are the Benefits for the Officer to buy a HUD Officer Next Door home?

The selected bidder may purchase the property at a 50 percent discount from the list price. For example, if a HUD home is listed for $150,000, an officer can buy it for $75,000. To make a HUD home even more affordable, you may apply for an FHA-insured mortgage with a downpayment of only $100 and you may finance all closing costs.

If the HUD Officer Next Door home you want to purchase needs repairs, you may use FHA's 203(k) mortgage program. This program allows you to finance both the purchase of the home and the cost of needed repairs. You have the benefit of one loan for both costs and one monthly payment.

Discuss these financing options with your lender.

Because homes sold through the Officer Next Door Program are located in Revitalization Areas there may be additional assistance from state or local government sources. Local or state governments want to encourage families and businesses to move into Revitalization Area neighborhoods. Contact your state government housing office or local municipal government and request information on assistance for homebuyers.




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